Category Archives: foreign investment

Guyana has to move quickly to show it’s ready for `immense’ oil transition – US Ambassador

12/06/2020 – 12:15 am
Sarah-Ann Lynch
Sarah-Ann Lynch
By 

With Guyana on track to be the second or third largest oil producer in the Western Hemisphere, US Ambassador Sarah-Ann Lynch says the country has to advance from being a raw material so as to avoid the dreaded resource curse and she also stressed that contracts have to be honoured and that the government is accountable to all of the people.

In a wide-ranging address to the virtual Guyana Oil and Gas Summit on Wednesday, Lynch stressed that the US is committed to Guyana’s political stability and that its stance this year during the election period  “should not leave any doubt that we take our values – fairness, transparency, accountability, and the rule of law – seriously”.        Continue reading →
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VIDEO: THE GREAT RESET (Explained!) – Agenda of the World Economic Forum – By Neil McCoy-Ward

11/19/2020 – 12:15 am

THE GREAT RESET (Explained!) – – By Neil McCoy-Ward – 734,041 views  •Premiered Sep 12, 2020.

GOOD NEWS! MY APPEAL WAS SUCCESSFUL, YOUTUBE HAVE ALLOWED THIS VIDEO TO STAY UP (AFTER IT WAS BANNED IN OCTOBER…) I am still unsure why the video was banned. I have submitted a new appeal with effect: 5th Nov 2020. The video comes up with a message — Please click to proceed.
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THE GREAT RESET (Explained!) We’ll be looking at: – What is The Great Reset? – What is the World Economic Forum? (WEF) – What is the significance of Davos, Switzerland? – Who pays for the Davos conference? – Who are the key players involved? – What is the 4th Industrial Revolution? – And finally, could there be a potential financial reset? – What does all this mean for you?      Continue reading →
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GUYANA OIL: Imports required for petroleum operations in Guyana are duty-free – GRA

10/25/2020 – 2:55 pm

Several imported equipment and supplies required for petroleum operations in Guyana are duty-free – GRA

OilNOW- 24 October 2020

The Guyana Revenue Authority said on Friday (October 23, 2020) that based on the Petroleum Agreement between the Government and ExxonMobil affiliate Esso Exploration and Production Guyana Limited, contractors and sub-contractors are permitted to import a number of equipment and supplies duty-free for use in petroleum operations, as stated in Annex D of the petroleum agreement.

READ MORE: https://oilnow.gy/featured/some-imported-equipment-and-supplies-required-for-petroleum-operations-in-guyana-are-duty-free-gra/

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GUYANA; OIL BLOCKS: Legalizing stolen state assets – Commentary

10/05/2020 – 12:20 am

Oct 04, 2020  News – Commentary

Cunning politicians use crooked middlemen to hold, receive or transfer stolen state assets. For example, politicians would have some of their shady friends establish shell companies, information about which the public cannot access. These companies would then be handed oil blocks or given other state assets.

In the past, bribes were paid into politicians’ secret bank accounts or that of their relatives. With stricter anti-money laundering and transparency laws, these bribes are now easily detectable. Corrupt politicians therefore have devised more elaborate schemes to legalize the proceeds of corrupt dealings.  Continue reading →

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OPINION: The Hidden History of Canada’s Influence and Interference in Guyana

09/30/2020 – 12:05 am

Canadian corporations have played a role in neoliberal economic restructuring in the small South American country

Yves Engler / Canadian Dimension

Reflecting an extreme imbalance in power, people in Guyana are well informed about Canadian activity in their country, but our media seldom mentions the small nation on South America’s North Atlantic coast. 

As such, it was a positive sign to see the CBC and the Calgary Herald report on former Alberta Premier Alison Redford’s recent appointment to lead a review of the oil sector in the former British colony, which sits between Venezuela and Suriname on the northeastern tip of South America.

The industry friendly Redford will head a team of Canadian consultants to review Exxon Mobil’s massive planned project at the proposed Payara oil well that has been criticized for low royalty rates.  Continue reading →

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GUYANA: OIL: Who are the real owners of the Canje and Kaieteur Oil Blocks?

09/18/2020 – 12:20 am

The nation must know:

Click to Enlarge map

 Sep 17, 2020  Front Page Comment, Kaieteur News 

We welcome United States Secretary of State, Michael Pompeo, to Guyana. We thank him for his role in ensuring that the democratic will of the people was respected in relation to the elections of 2nd March, 2020.

America stands for democracy and America stood by Guyana during the attempt to steal the elections and revert Guyana to a state of political dictatorship. For this, we are grateful!

America also stands for transparency and accountability in government. American companies should not be doing business in a country where deals are being kept secret. American companies should not be involved in investing in oil blocks, the owners of which are concealed from the public.

Continue reading →

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OPINION: Canadian company walks away with US$238M; now we begging for US$100M loan to build a bridge

09/01/2020 – 12:20 am

Demerara Harbour Bridge – built 1970

 Aug 30, 2020  Kaieteur News – Opinion

Foreign investors, wherever they go, do so for two main reasons: to enrich the host country so that the people can benefit; and to enrich themselves. However, in Guyana, foreign investors behave like scavengers, raping our wealth and leaving us dry, pale and penniless and with wounds which would never heal.

Guyana Goldfields is a prime example. A group of Canadians came here and set up shop. Our government handed them huge swathes of prime mining lands and they enjoyed duty and tax-free concessions galore to the tune of billions. in Guyana dollars.  Continue reading →

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