Business

Ten new Barbadian manufacturers and service exporters are exploring trade and market opportunities in Guyana, the Barbados Investment & Development Corporation’s (BIDC) said Sunday. The group participating in this exploratory mission, are all recent graduates of the Barbados Investment & Development Corporation’s (BIDC) Export Readiness Training Programme, an initiative designed to equip new and potential exporters with the knowledge, tools ...

Several cars and numerous vehicle parts have been seized as Guyanese police widen their net to crackdown on a massive trade in stolen vehicles and parts. Police said they Friday night swooped down on a property located at Monument Hill, Kuru Kururu, Soesdyke/Linden Highway and conducted a search during which a quantity of vehicle parts and several vehicles suspected to ...

Plans are moving ahead to build a modular oil refinery to produce fuels for the Guyanese and northern Brazilian markets, with the major sources of crude expected to be from ExxonMobil or any other supplier at competitive prices, officials said Friday. “The plan is to basically start construction at the end of this year and through next year so that ...

  A 64 year-old pensioner yesterday violently attacked and wounded an employee of the Guyana Power & Light Inc. who was a member of a disconnection crew that went to the Lot 128 Sophia resident’s home to disconnect her electricity, police said, “Minutes later, a police patrol responded and during the process of arresting the female suspect, who was still ...

Hosting of the inaugural Guyana International Petroleum Business Summit and Exhibition (GIPEX 2018), which ended Friday, cost a minimum US$500,000 to host but officials hailed the three-day event as a wider success for the tourism and hospitality industry. “The one that has been mentioned the least is what this event has done for the tourism industry and the services sector in Guyana,” Chief Executive ...

Locally-owned and controlled businesses need to find new ways of operating in order to be prepared to grasp opportunities in the burgeoning oil sector, top officials of Canada and Guyana said as the inaugural Guyana International Petroleum Business Summit & Exhibition (GIPEX 2018) came to a close. Canada’s High Commissioner to Guyana, Lilian Chaterjee and the Chief Executive Officer of the Guyana ...

Guyana needs to ensure that there are very few or no politically-appointed decision-makers in the oil and gas sector to prevent the industry from deepening racial and political differences and creating uncertainty in decision-making, Petroleum Advisor to the President, Jan Mangal has said. Director of the Guyana Oil and Gas Association (GOGA), Attorney-at-Law, Nigel Hughes also expressed similar views during ...

A key suspect in the attempted shipment of a nine kilogrammes of cocaine in frozen fish to New York is expected to be released on Thursday, at least for the time being, as Customs Anti-Narcotics Unit (CANU) agents search for more persons, sources said. Demerara Waves Online News was told that the shipper, Amair Ally, would be released at the ...

About five hours after Dr. Jan Mangal, Petroleum Advisor to President David Granger delivered a number of hard-hitting criticisms of the controversial ExxonMobil contract, government sought to dissociate itself from his positions. “The Ministry of the Presidency puts on record that Dr. Jan Mangal, Presidential Advisor on Petroleum, is not authorised to speak on behalf of His Excellency, President David ...

Guyana’s two percent royalty on earnings from ExxonMobil’s oil sales is low compared to global standards, raising concerns about whether there was transparency about the negotiating system,  Dr. Jan Mangal, Petroleum Advisor to President David Granger said Wednesday. “What we can do is look at what are the international norms. Royalty, when you look around, is more between ten and ...