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Listen to Podcast: Why building an oil refinery in Guyana is bad business and what are the country’s options?

Last Updated on Thursday, 18 May 2017, 9:13 by Denis Chabrol

Pedro Haas

Several alternatives to building a US$5 billion oil refinery have been suggested to Guyana.

After explaining the reasons why he thinks it will be unprofitable to establish a 100,000 barrel per day refinery to take care of domestic needs of about 15,000 barrels per day and the exportation of the remainder, Consultant Pedro Haas of the New York-based Hartree Partners floated a number of options that are available to Guyana.

United States oil giant, ExxonMobil, plans to begin oil production at its Liza field offshore Guyana in 2020 with a daily target of 100,000 barrels per day.

Here now is a podcast of Mr. Haas’ presentation: