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The Inter-American Development Bank (IDB) has announced that it has approved a US$90 million loan to contribute to human capital development in Guyana. The loan is designed to expand access to safe and improved learning environments and enhance educational services for vulnerable students across the country Guyana, and is the first individual operation of a […]
The Guyana Government has informed its international partners on the mobilization of Venezuelan military troops near the border locations with Guyana. In a statement this afternoon, the Ministry of Foreign Affairs indicated that an explanation on the military mobilization near the border locations was sought from Venezuelan Ambassador to Guyana. The Ambassador informed the Foreign […]
The Government of Guyana has announced the reopening of the tender process for the construction of a US$700-million Amaila Falls Hydropower station (AFHP). The revised request for proposals said that the project must be built under a Build-Own-Operate-Transfer (Boot) Model. China Railway Group Limited (CRGL), was initially selected for the project, but the company was […]
Amid increasing local and international pressures for Guyana to implement ring-fencing provisions in the development of its offshore oil blocks, President of ExxonMobil Guyana Limited (EMGL), Alistair Routledge, has defended the absence of such provisions in the Stabroek Block Production Sharing Agreement (PSA), on the grounds that the company would be able to maximize the […]
Opposition Member of Parliament, Ganesh Mahipaul, today called out the Minister of Agriculture, Zulfikar Mustapha over his decision to terminate the contract for the construction of a pump station at Black Bush Polder. He said the ‘premature’ decision could now result in millions of taxpayers’ dollars being wasted. The $978M contract was terminated in September […]
The Judicial Service Commission (JSC) is seeking to fill key vacancies in the Judiciary, in an effort to reduce thousands of cases pending before the Courts for years. The recently constituted JSC, has set aside its tradition of inviting persons it believes are qualified for the judicial posts and is instead advertising for the positions […]
The Guyana Revenue Authority is not budging from its decision to flag US$214.4 million in the costs submitted by the Exxon company in the cost oil audit. Controversy erupted recently when it was made public that the disputed figure had been reduced to US$3million by the Ministry of Natural Resources. The Government said it launched […]
The ExxonMobil company is not supportive of many of the new measures contained in the updated draft Production Sharing Agreement, which the Government intends to use for all future oil contracts. At a press conference today, the President of ExxonMobil Guyana, Alistair Routledge, told reporters that his company does not intend to sign onto the […]
A move by the Guyana Police Force, to include the word “Policia”, the Spanish name for Police, on the Force’s vehicles is not finding favor with former Security Minister Khemraj Ramjattan. At a press conference today, the Opposition legislator lashed out at the GPF over the move, calling it ill-advised and abhorrent. Ramjattan said the […]
By Svetlana Marshall Maintaining that no agreement was reached with the Government on the US$214M in “unjustified claims” flagged by IHS Markit in the conduct of the Stabroek Block Cost Recovery Audit, President of ExxonMobil Guyana Limited, Alistair Routledge, today said the Government, through the Guyana Revenue Authority (GRA), has reengaged the UK based audit […]
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