Business

The Guyana government ruled out selling subsidised crude oil to a privately-owned oil refinery that investors plan to build in Linden, according to officials of the Ministry of the Presidency’s Department of Energy on Saturday. “Anyone, who wishes to open a refinery can do so but they will not receive subsidised oil from the Department. That’s the crunch,” the Head ...

Co-founder of A New and United Guyana (ANUAG), Terrence Campbell on Monday announced that he has resigned from the newly-formed political party because the country’s political environment has been poisoned by the no-confidence motion. “It is like a poisoned well and since last week I had great angst,” the CAMEX Ltd Managing Director told Demerara Waves Online News. Campbell said ...

The Ministry of Public Infrastructure (MOPI) has begun installing four wind measurement stations along the Atlantic Coast at a cost of more than GYD$33.5 million (US$160,000) to determine the potential of this natural resource for the generation of sustainable renewable energy, the government’s Department of Public Information said. The stations, which are being mounted on towers with a height of ...

The Norwegian company, Petroleum Geo-Services, has stopped 3-D seismic oil exploration activities offshore Guyana closer to the Venezuelan border after the Venezuelan military intercepted the vessel on Saturday, ExxonMobil said. “At this time, seismic operations on the Stabroek Block offshore Guyana have been paused until they can be safely continued. Our main concern is for the safety of crew members ...

Guyana is moving to establish a “blueprint” to strengthen protection of intellectual property and copyright in a country where copying of books, movies and music and other works is almost routine, the Foreign Ministry announced Thursday. Foreign Affairs Minister, Carl Greenidge said Guyana would soon be drafting the National Intellectual Property Strategy (NIPS) with assistance from the Switzerland-based World Intellectual ...

Guyana on Thursday welcomed the United States’ (US) decision to lift its sanctions on UC Russian Aluminium (RUSAL), the majority owner of the Aroaima-based Bauxite Company of Guyana Inc. (BCGI), suggesting that workers would not lose their jobs. “The Government of Guyana and the Ministry of Natural Resources are cautiously optimistic, and happy, with this recent development of the matter ...

The Lands and Surveys Commission (GLSC) has begun plans to map Guyana properly for the first time since the 1960s to assist government and the private sector about land use and mineral deposits, GLSC Commissioner and Chief Executive Officer, Trevor Benn said. Benn said Region One (Barima-Waini) would be the firs to be mapped, a process that could take at ...

The Guyana Lands and Surveys Commission (GL&SC) will be opening up some 6,000 acres of state land for residential, commercial, industrial and agricultural purposes in Region 4. GLSC’s Commissioner and Chief Executive Officer (CEO), Trevor Benn, in making the announcement, said the move would see Guyana advancing to the 21st century in infrastructure that will encompass better roads and sidewalks, green spaces and a mix of ...

Small businesses in Guyana will from January 1, 2019 be able to access 20 percent of government contracts for  goods and services, even as government’s Small Business Bureau said they would be screened to avoid big companies from setting up small businesses to front for them. Chief Executive Officer of the Small Business Bureau, Dr. Lowell Porter said long-established small ...

The Government Analyst-Food and Drug Department (GA-FDD) on Friday announced the recall of Del Monte Fiesta Corn “due to under-processing which poses a life threatening risk to consumers.” “More than 60,000 cases of Del Monte’s Fiesta Corn Seasoned with Red & Green Peppers are being recalled because the ingredients weren’t adequately processed,” the Guyanese agency said, adding the move was ...