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Daily Archives: May 20, 2015

Substantial oil discovery off Guyana points to need for Sovereign Wealth Fund

by Chevy Devonish Exxon Mobile’s announcement on Wednesday of a “significant oil discovery in the Stabroek Block…approximately 120 miles offshore Guyana,” bears promising prospects for a healthy Sovereign Wealth Fund (SFW) for Guyana. The development of a SFW received much mention by the A Partnershp for National Unity (APNU) + Alliance for Change (AFC) coalition during the 2015 Election campaigns, ...

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Politically appointed Ambassadors will get the boot-Foreign Affairs Minister

by Zena HenryThe first order of business for newly appointed Foreign Affairs Minister, Carl Greenidge will be to ensure the posting of Ambassadors to the designated countries where Guyana has their Embassies or Consulates. But many of these said Heads of Missions will most likely be heading home as they have been identified as “political appointees.” Minister Greenidge told Demerera ...

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Remedial work ongoing to restore Linden/Lethem road

by Zena Henry Minister of Infrastructure, David Patterson is awaiting some positive news as to the early reopening of the collapsed Linden to Lethem road which saw some sections being washed away due to heavy rainfall. Patterson, who was sworn in to the renamed Public Works Ministry, said that he is waiting a report from engineers on the ground, but ...

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15 Ministers sworn in

The A Partnership for National Unity (APNU) + Alliance for Change (AFC) coalition this afternoon swore-in 15 persons who are to serve as ministers of government. First up was the AFC’s Moses Nagamootoo who, taking over from predecessor Samuel Hinds, was sworn-in as Guyana’s Prime Minister. He will serve as one of three Vice Presidents under the current administration. Kathy ...

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Pres Granger to establish Public Servants Staff College, returns to Collective Bargaining and gears for “unbribeable” public sector in first meeting with PS, heads of departments

by Zena Henry Among the few but significant changes to be made by President David Granger to revamp and dignify the ailing public sector is the establishment of a Public Servant Staff College, the increase in wages and the return of the Collective Bargaining Agreement which was has been desecrated for more than a decade now. Guyana’s new President met ...

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ExxonMobil announces significant Oil discovery offshore Guyana

 Liza-1 well encounters more than 295 feet of high-quality oil-bearing sandstone reservoirs  Well is first on 6.6-million acre Stabroek Block and drilled to 17,825 feet IRVING, Texas, May 20, 2015 – Exxon Mobil Corporation today announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil affiliate, Esso Exploration ...

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Ministry of Amerindian Affairs to be renamed

The Ministry of Amerindian Affairs is to be renamed the Indigenous Peoples Affairs Ministry and, like most other ministries, would be focusing on business development, according to President David Granger. “In the Indigenous Peoples Affairs Ministry we would be looking at the livelihoods, the quality of life of Indigenous People,” he said when asked by Demerara Waves Online News. Asked ...

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Heavy rainfall washes away sections of Linden-Lethem road; traffic halted

Sections of the Linden to Lethem Road have been washed away by heavy rainfall and the lone-north-south corridor to the Rupununi has become impassable, sources confirmed. Several passenger buses and other vehicles have not departed Georgetown and Lethem. A senior government official said the newly-elected administration was aware of the problem and was contemplating steps to commence remedial works.  In ...

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