Daily Archives: 04/13/2022

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

04/13/2022 – 12:09 am

Demerara Waves: by Denis Chabrol – Monday, 11 April 2022, 15:58 5 Comments

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 →

By guyaneseonline | Posted in Agriculture, Business, Economics/Finance, Government, Guyana, Personalities | Tagged , , , , , | Comments (1)

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

04/13/2022 – 12:03 am

Apr 12, 2022 – Kaieteur News

In January 2020, oil giant, ExxonMobil announced its 16th discovery, Uaru-1, in the Stabroek Block of Guyana’s Exclusive Economic Zone (EEZ).
In April last year, the company announced another oil find, this time its 19th dubbed Uaru-2 in the Stabroek Block. ExxonMobil said that the well is located approximately 6.8 miles (11 kilometres) south of the Uaru-1 well.

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 →

By guyaneseonline | Posted in Business, Energy- Oil and Gas, Environment, foreign investment, Government, Guyana, Oil Exploration, Personalities | Tagged , , , , , | Comments (2)
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