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Daily Archives: Wednesday, 13 November 2024, 22:50

President defends decision to keep GUYSUCO afloat despite unprofitable production cost

Last Updated on Thursday, 14 November 2024, 0:58 by Denis Chabrol President Irfaan Ali on Wednesday sought to justify his People’s Progressive Party Civic’s (PPPC) administration to keep the limping State-owned Guyana Sugar Corporation operational in its present form, although the US$1.31 per pound cost of production exceeds the selling price of 35 US cents per pound. “We cannot look ...

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Guyanese workers to help build oil production and storage vessel

Last Updated on Wednesday, 13 November 2024, 19:34 by Writer SBM Offshore, which has been contracted to build an offshore oil production ship, would be using Guyanese workers to fabricate parts for the vessel and shipping them to Singapore for installation, a senior company official said. Country General Manager of SBM Offshore (Guyana), Martin Cheong told Demerara Waves Online News ...

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