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T&T backs Guyana on border controversy with Venezuela

Trinidad and Tobago- which historically enjoys close economic and political relations with Venezuela- will support Guyana in its border controversy with their Spanish-speaking neighbour, Prime Minister Keith Rowley said Wednesday. Asked whether Trinidad and Tobago would be willing to amend the 1990 Maritime Boundary Delimitation Agreement with Venezuela  that has resulted in an overlap of maritime boundaries with Guyana, he ...

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Oil and gas contracts can be renegotiated- Trinidad and Tobago Prime Minister

Trinidad and Tobago’s Prime Minister, Keith Rowley on Wednesday said his country has successfully renegotiated contracts with international oil and gas companies, even as he cautioned that  deals are developed based on the conditions at a particular time. “We respect the sanctity of contracts, while not accepting that contracts are written in stone. Contracts are engagements made at least between ...

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No takeover, no sellout to Trinidad- Pres. Granger, T&T PM Rowley on energy cooperation MoU

Trinidad and Tobago’s Prime Minister, Keith Rowley and the President of Guyana, David Granger on Wednesday dismissed concerns by sections of the Guyanese private sector that a memorandum of understanding in energy they signed would see businesses from the twin-island nation taking over the business landscape. In clear references to concerns  that were flagged by the Georgetown Chamber of Commerce ...

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Illegal miners killed in pit cave in

A mining pit Tuesday afternoon collapsed and killed two miners at Mowasi Backdam, Konawaruk, Potaro, police “On the date and time mentioned above, the two deceased along with other persons were working at the pit wall, when rain was falling heavy at the time. Suddenly, a large portion of the pit wall break off and fell on both deceased, covering them ...

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No political motive behind Commission of Inquiry into Mayor and City Council

The Local Government Commission (LGC) on Tuesday dismissed suggestions that the Commission of Inquiry into the operations of the Georgetown Municipality could be seen as timed to coincide with upcoming Local Government Elections (LGE). With the LGE slated for November 12, 2018 and the announcement of Commission of Inquiry made less than one week ago, questions were raised about whether ...

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Public Infrastructure Minister submits statement to police about Demerara River Bridge feasibility contract

The Guyana Police Force’s Special Organised Crime Unit (SOCU) has launched an investigation into the award of a GY$148 million contract to a Dutch company for the development of a feasibility study and design of a new Demerara River bridge,  a senior police officer said. “The matter was referred and we (police force) are investigating the matter,” the official told ...

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Natural Resources Ministry denies “sinister motive or corruption”in ExxonMobil’s Liza Phase 1 plan

The Ministry of Natural Resources on Friday said there was no “sinister motive or corruption” in decisions for the ExxonMobil’s Development Plan for Liza Phase 1 and the state’s regulatory Guyana Geology Mines Commission (GGMC) and contracted advisors were involved in the process. “Though it may be difficult for some to see presently, the nation will, in the near future, ...

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Involve ordinary Guyanese in crafting development plan to spend oil money; at least 43 parliamentarians must approve National Budgets- GTUC General Secretary

The General Secretary of the Guyana Trades Union Congress (GTUC), Lincoln Lewis on Thursday called on decision-makers to go to ordinary Guyanese in their communities to discuss how the emerging oil sector can lift them out of poverty, and and he cited the need for at least 43 of the 65 parliamentarians to pass pro-development budgets. Lewis insisted that the Parliament ...

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Private sector proposes “non-political” Sovereign Wealth Fund; Budget Director allays fears of politicized mechanism

A Guyana Manufacturing and Services Association (GMSA)- organised forum on the proposed Sovereign Wealth Fund (SWF) on Thursday heard strong recommendations for the creation of a “non-political” legal entity to manage oil and other revenues, but Ministry of Finance Budget Director, Sonya Roopnauth says government’s model guarantees the involvement of highly qualified experts. “It is very difficult to take away ...

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Private sector organisation hosting Guyana’s first civil society forum on Sovereign Wealth Fund

The Guyana Manufacturing and Services Association (GMSA) will Thursday hold the country’s first civil society forum on government’s proposed Sovereign Wealth Fund that will be used to save and manage the country’s expected huge inflows of oil earnings. The association, which represents more than 100 large and medium-scale businesses, plans to bring together a ranger of perspectives from government and ...

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