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Oil refinery consultant to host workshop later this month

The consultant, who was retained to conduct a high-level economic feasibility study of investing in an oil refinery locally, will be making a presentation to stakeholders later this month. This was revealed by Minister of Natural Resources Raphael Trotman at his most recent outreach programme which was held with the business community. The Minister noted that the expert will be ...

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Fire at Guysuco’s Albion guest house

Fire early Wednesday morning badly damaged a section of the guest house and senior staff club at the Albion Estate owned by the Guyana Sugar Corporation, Fire Chief Marlon Gentle said. He said fire fighters from Guysuco’s Rose Hall and Albion estates and the Guyana’s Fire Service’s New Amsterdam station responded to a call  shortly after 5 PM and eventually brought ...

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PAHO/WHO conducting forensic audit of procurement by Health Ministry, Georgetown Hospital

The Pan American Health Organisaton/ World Health Organisation has dispatched an expert to audit the procurement process at the Ministry of Public Health and the state-run Georgetown Public Hospital Corporation (GPHC), the ministry announced Tuesday. “I found that it (the procurement process) was a bigger issue than I thought” Lawrence said during Tuesday’s early-morning meeting. “I didn’t think it was as ...

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CGX Energy to restructure debt ahead of future oil exploration in de-risked Guyana basin

The cash-strapped Canadian oil exploration company, CGX Energy, continues to borrow monies from its shareholder to stay afloat, and indicated that future oil exploration offshore Guyana would depend on restructuring its multi-million debts to several companies. Now that American oil-giant, ExxonMobil, has found more than two billion barrels of oil offshore Guyana, CGX Energy hopes that will be an incentive ...

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Copa-Turkish Airlines agreement opens Guyana to Africa, Eurasia and Far East

(AVIATIONPROS.COM) May 01–PANAMA CITY, Panama — An agreement to operate joint flights was signed on Friday between Star Alliance members Copa and Turkish Airlines, and is a major game changer for the travel industry of Latin America and the Caribbean. This is especially important to Guyana, a country very much isolated from global hubs. Now travelers can fly Copa Airlines from ...

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US$30 million loan being redirected from road to housing development

Parts of a loan fund raised originally for a road rehabilitation programme by the previous administration is now being re-shifted to the housing sector for its expansion, Finance Minister Winston Jordan announced. The Government Information Agency (GINA) reported that Jordan said government is working with the Inter-American Development Bank (IDB) to re-programme the housing sector’s over US$30 Million from a ...

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GBTI’s CEO retires

The Chief Executive Officer of the Guyana Bank for Trade and Industry, John Tracey has retired with effect May 1, 2017, according to a high-level source. He previously proceeded on annual leave and then later opted to proceed on retirement. Tracey did not accept several calls to his mobile number. It is unclear whether he would be attending the Annual ...

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Nandlall defends govt paying for his law reports: “When I took this job, I took it at a loss of income”; plans to challenge criminal charge in High Court

Former Attorney General and Minister of Legal Affairs, Anil Nandlall has defended government paying his law reports subscription during his tenure, saying it was to compensate for a loss of income. “I requested that… and the State granted it because when I took this job, I took it at a loss of income, that I was earning much more and ...

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UG votes against rental of five-story building for downtown campus

The University of Guyana’s Council– that tertiary institution’s highest decision-making body– on Thursday finally said ‘no’ against the rental of a building for US$28,000 monthly to house a proposed “downtown campus.” “It was not approved principally because it was not the best use of our resources,” a source told Demerara Waves Online News. Asked if it was a unanimous decision, ...

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