Analysis of Guyana’s Economic Development Budgets for 2024 and Beyond: Harnessing Oil Revenues for a Sustainable Future

Analysis of Guyana’s Economic Development Budgets for 2024 and Beyond: Harnessing Oil Revenues for a Sustainable Future

By Rona Mahadeo | Editorial credit: em_concepts / shutterstock.com  Guyana, a small South American nation with a population of just under 800,000, has emerged as one of the fastest-growing economies globally due to its significant offshore oil discoveries starting in 2015. With an estimated 11 billion barrels of recoverable oil reserves discovered in the Stabroek […]

Guyana: Historic draw of first oil has arrived

Guyana: Historic draw of first oil has arrived

The “Liza Destiny,” the first of a number of Floating, Production, Storage and Offloading (FPSO) vessels that will be deployed in Guyana’s waters by ExxonMobil. (Esso Exploration and Production Guyana Limited photo) (Stabroek News) Guyana is now officially a producer of petroleum – on December 20, 2019. The historic moment was announced last night by […]