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Tag Archives: PetroCaribe

High Court judge raps Attorney General for veiled threat to judiciary’s independence; orders release of PetroCaribe debt to US oil company

High Court Judge, Gino Persaud has hit out at Attorney General Anil Nandlall for saying that if the court had recognised an arbitral award that monies owed to Venezuela and its state-owned oil company, PDVSA, were to be released to American oil company, ConocoPhillips, whose assets had been nationalised by the Venezuelan government, this would be anti-nationalist tantamount to potential ...

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GBTI claims victim of “abuse of power” in SOCU probe

Hours after Chief Magistrate Ann McLennan threw out a contempt of court case against top executives of the Guyana Bank for Trade and Industry (GBTI), that financial institution said it was unnecessarily targeted. “While this unwarranted attack and abuse of power was not without severe and widespread consequences to the sterling institutional image and that of the personal reputation of ...

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Guyana among Caricom countries considering reducing reliance on T&T’s Petrotrin for oil supplies

Guyana is currently contemplating joining a list of other Caribbean countries in search of another fuel supplier in order to reduce reliance on Trinidad and Tobago, now that Venezuela’s PetroCaribe has dried up as a fuel sources. Speaking at the induction of the Board of the Guyana Energy Agency (GEA) on Thursday, Minister of Public Infrastructure, David Patterson said he ...

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