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Guyana, Suriname presidents to sign agreement for Corentyne River Bridge construction

Guyana and Suriname will next month sign an agreement to build a bridge across the Corentyne River. Officials say the signing will take place when President Irfaan Ali visits Suriname for that country’s Independence Anniversary on November 25. Guyana’s Public Works Minister Juan Edghill and Suriname’s Public Works Minister Dr Riad Nurmohamed on Saturday planted their country’s flags on Long ...

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Guyana, ExxonMobil about to ink Payara well approval; hefty fines for flaring, dumping untreated water

Guyana is on the verge of signing an agreement with ExxonMobil for its Payara Development Plan that would provide for hefty fines for flaring and the dumping of untreated water back into the sea, Minister of Natural Resources Vickram Bharrat said Friday. He told News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News that the actual fines were still under discussion ...

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Govt engages major development partners on stalled projects

by Samuel Sukhnandan Government has engaged some of its main development partners including the Indian Government, the Inter-American Development Bank (IDB) and the Caribbean Development Bank (CBD) on several key projects that have been in the pipeline for many years, but never came to fruition. Public Works Minister Mr Juan Edghill said during discussions, the government conveyed its desire to have the ...

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RUSAL interested in reopening Guyana operations; to submit report to govt

by Samuel Sukhnandan The Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) has expressed an interest in reopening after suspending its operations in February this year and firing hundreds of workers, citing industrial unrest and damage to property. The company’s Country Representative and General Manager Mr Vladimir Permyakov met with a high-level team of ministers and other government officials on Monday, where they ...

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Guyana puts a “hold” on bidding process for crude lifting

Guyana has put a “hold” on the international bidding process for oil companies to lift and sell its share of crude oil sales from one of ExxonMobil’s several oil fields offshore the north-east coast of South America, Vice President Bharrat Jagdeo announced Friday. He said the now one-week-old administration, which was sworn in five months after a disputed general election, ...

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Guyana pushing ExxonMobil for cheap natural gas-generated electricity, higher pay for Guyanese

The Guyana government plans to open negotiations with United States (US) oil giant ExxonMobil to purchase natural gas to push industrialisation and provide cheap electricity to the nation as well as entrench local content requirements to ensure Guyanese are not paid lower salaries than in other countries, Vice President Bharrat Jagdeo told a news conference on Friday. Claiming that the ...

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Trades Union Congress calls on Labour Ministry to tackle several burning issues

The Guyana Trades Union Congress (GTUC) on Tuesday welcomed the re-establishment of a Ministry of Labour and has already urged Minister of Labour Joseph Hamilton to tackle several burning issues. “We look forward to a good, meaningful, and productive working relationship with the Minister. Now that we have a return of a ministry it is therefore our expectation that the ...

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NICIL will be asked to return closed sugar estates to GuySuCo -Agriculture Minister

The National Industrial and Commercial Investments Limited (NICIL), the holding company for government’s assets, will be asked to return the closed sugar estates to the state-owned Guyana Sugar Corporation (GuySuCo) which will be reopened after a review is done, Agriculture Minister Zulficar Mustapha said Tuesday. “In terms of the timeframe for reopening the closed sugar estates, first of all GuySuCo ...

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34 companies submit expressions of interest to market Guyana’s crude oil

Thirty-four companies on Tuesday submitted expressions of interest (EOIs) to sell Guyana’s oil exports over a period of 12 months. The EOIs were opened by the National Procurement and Tender Administration Board. Already, the Ministry of the Presidency’s Department of Energy has said the company that wins the bid to market Guyana’s crude will not enjoy an automatic right of ...

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