Republic Bank morning raid goes wrong…Bandit killed, rogue bank employee shot
Shock, anger and disbelief were some of the emotions expressed yesterday when
three educated young men with good professions were identified as the suspects in yesterday’s attempted robbery at Republic Bank Limited (RBL) on Water Street, Georgetown. Continue reading
The gusher in Guyana Will oil corrupt a small Caribbean state? – The Economist
The gusher in Guyana Will oil corrupt a small Caribbean state?
It will take better politicians to resist the corrosive power of petrodollars
Jun 29th 2017 | GEORGETOWN Print edition | The Americas- The Economist Magazine
Oil rigs and production
SOUTH AMERICA’S only English-speaking country is one of its poorest. But perhaps not for much longer: Guyana has struck black gold. By 2020 ExxonMobil, the world’s biggest private oil firm, expects to be pumping oil in Guyanese waters, with Hess and Nexen, its American and Chinese partner firms.
In the past two years they have found reserves of around 2bn barrels. Five more promising prospects will be drilled by 2018, and then perhaps a dozen more. Guyana could be producing 120,000 barrels per day by 2020, and more than 400,000 by the mid 2020s. Continue reading →
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