Daily Archives: 04/13/2022

GUYANA: GUYSUCO to reduce sugar production; focus will be on shrimp, hemp- Jagdeo

Vice President Bharrat Jagdeo on Monday announced that the State-owned Guyana Sugar Corporation (GUYSUCO) would reduce sugar production in Skeldon, Corentyne but would facilitate private cane farming and assign some of the estate lands to shrimp and hemp production.

Addressing residents at Line Path, Skeldon, Corentyne, he said 400 of the 1,700 retrenched persons at Skeldon Estate have been rehired temporarily . “We have had a very, very hard time reopening here and generating jobs,” he said.

In outlining plans for the ailing industry, Mr. Jagdeo said sugar production would be scaled back. “We are going to return to some sugar production but on a smaller scale,”  he said.            Continue reading

GUYANA: ExxonMobil seeks another EPA approval for fifth oil project – Uaru+

The two separate announcements or discoveries are, however, being pursued through one application process, as one project, under the guise of Uaru+ as was announced by ExxonMobil Guyana President, Alistair Routledge, as the final investment decision for its fourth project, the Yellowtail development, which was declared last week.          Continue reading

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