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Tag Archives: oil wealth distribution

Poverty fight, oil industry governance feature in politicians’ New Year messages

Politicians in Guyana broke the New Year promising to use Guyana’s expectedoil wealth to fight poverty, while ensuring the emerging petroleum sector is properly governed. Incumbent President, David Granger assured that oil revenues, estimated to begin at US$300 million per year in 2020 from the Liza Phase 1 oil field, would be used to combat poverty among all Guyanese regardless ...

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