Tag Archives: Sovereign Wealth Fund

Change Guyana (CG) political party on Tuesday made a number of promises to ensure a “fair share ” of the country’s oil and gas resources are provided to ordinary Guyanese, while at the same time taking back all idle oil blocks and holding annual auctions with significant signing bonuses. “All blocks for which investors’ commitments have not been delivered to ...

President David Granger Friday night said he expected increased jobs and assured that oil revenues would be spent wisely, shortly after ExxonMobil announced that it earlier in the day began commercial oil production from the Liza field offshore Guyana. “The petroleum sector will stimulate increased employment and expand services,” he said in an address to the nation. He announced that ...

Due to the failure of the opposition People’s Progressive Party (PPP) and the Private Sector Commission (PSC) to nominate representatives to sit on an oversight committee to manage Guyana’s Natural Resources Fund (NRF), also known as the Sovereign Wealth Fund, Finance Minister Winston Jordan says government will be unable to spend the monies until after general elections. He said if ...