Daily Archives: 12/05/2019

Guyana Politics: PPP’s pledge to reopen shuttered sugar estates ‘foolishness’ – Robert Badal

– Badal says move would be costly, take time

Robert Badal
Robert Badal

Reopening shuttered sugar estates would require hefty funding and time to transform them from their current states to financial profitability, says Change Guyana presidential candidate Robert Badal who warned voters to be wary of grandiose promises from politicians.

Taking a direct jab at the People’s Progressive Party (PPP), which has promised and has stated in its manifesto that it would reopen three of the four shuttered sugar estates, rehire laid off sugar workers and bring the factories into profitability, Badal labelled the promises “foolishness” and “lies”.

“From my business experience, that is impractical. And I would say, without any apology, they are trying to lie to the people, lie to the people again. You cannot close that sugar estate and after a year reopen that sugar estate. It is impossible!” he contended.

Guyana Elections: Over 17,000 persons yet to collect ID cards—GECOM Commissioners

Guyana Oil: ExxonMobil Liza Project in Guyana – video

Guyana project overview – This Update was filmed on April 4, 2019

ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely drilling its first exploration well in 2015, Liza-1.

The Liza prospect is located approximately 120 miles (193km) offshore Guyana in the Stabroek block, which is operated by ExxonMobil affiliate Esso Exploration and Production Guyana. Esso Exploration owns 45% interest in the block, while Hess Guyana Exploration owns 30% and CNOOC Nexen Petroleum Guyana owns the remaining 25%.      Continue reading

Guyana Oil: Stanley Ming’s joint venture near Parika, Essequibo River

Guyana Oil: Stanley Ming’s joint venture near Parika, Essequibo River

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