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Higher oil prices not necessarily good for Guyana- US Professor

Lower oil prices may be to the advantage of Guyana which expects to pump first oil by 2020 because  high prices for the ‘black gold’ may trigger corruption by politicians, a University of California, San Diego Professor said Wednesday. “The higher the oil prices and the more the revenues that flow into the country, the greater the risk that politics ...

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ExxonMobil injects GYD$5 million into flood relief

The Guyana government on Wednesday said it welcomes a donation of G$5M from ExxonMobil Guyana, which will be handed over to the Civil Defence Commission (CDC) to assist in relief efforts for flood affected areas in Cuyuni-Mazaruni (Region Seven) and Potaro-Siparuni (Region Eight). Senior Director, Public and Government Affairs at ExxonMobil Guyana, Ms. Kimberly Brasington made this commitment today to Acting ...

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Digicel assists flood-affected residents in Regions 7 and 8

Digicel (Guyana) on Wednesday handed over a quantity of supplies to the Civil Defence Commission (CDC) which will be distribuited to flood-affected residents of Region 8 (Potaro Siparuni) and Region 7 (Cuyuni Mazarauni). The donation consists of a substantial quantity of food items from the requested list and cleaning supplies. “We empathize with those residents who have lost their livelihood ...

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Cabinet Committee finalizing Diaspora Engagement Action Plan—Harmon

A Cabinet sub-committee has been established to finalize the Government’s Diaspora Engagement Strategy and Action Plan’ in order to give policy direction with regards its engagement with ‘Guyana’s Region 11.’ Minister of State Joseph Harmon Monday (May 22, 2017) made the announcement as he addressed the opening ceremony of a one-week confab at the Guyana Pegasus aimed at facilitating a 10-man ...

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Opposition parliamentarians, supporters on GYD$300 million fraud-related charges at GRDB

Two opposition People’s Progressive Party (PPP) parliamentarians and four other supporters were Friday each granted GYD$500,000 bail for allegedly omitting from the general ledger of the Guyana Rice Development Board a total of GYD$362 million while they were board members of that entity. The prosecution’s case is that they committed the offences during each of the calendar years of 2012,  2013, 2014 ...

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Govt drug bond employee admits to stealing medical supplies

One employee of the drugs bond at Diamond Hospital has admitted to stealing GYD$100,000 worth of supplies from the East Bank Demerara facility and one has resigned with immediate effect, the Ministry of Public Health said in a statement. The ministry added that several others, who were released from police custody , have not reported for duty. “They are on strike” ...

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Construction of oil refinery in Guyana will be a political decision

Minister of  Natural Resources, Raphael Trotman Wednesday night said the Guyana government would have to consider the social benefits of the construction of a US$5 billion refinery or a smaller facility like in neighbouring Suriname. He said Cabinet would have to study the findings and recommendations contained in the desktop feasibility study conducted by Director of Advisory Services at the New ...

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Building a US$5 billion oil refinery in Guyana unprofitable — expert

The cost of building a brand new 100,000 barrel per day oil refinery in Guyana can cost up to US$5 billion with a negative rate of return on investment at between US$2 billion and US$3 billion, a consultant said Wednesday. Director of Advisory Services at the United States-based Hartree Partners, Pedro Haas’ findings and assumptions were based on Guyana’s daily ...

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