The European Union (EU) on Wednesday December 15, 2021 raised concerns about the pitfalls of borrowing from China to finance and build major infrastructural projects.
Deputy Managing Director for Americas, European External Action Service Mr. Javier Nino Perez, during a question and answer session at the University of Guyana, disagreed with those who say that China offers better conditions.
He said China would not invest or trade with countries and create a greater understanding of each other. “The Chinese project is not as much as building something together as much as it is about seizing space, trade links, trade benefits infrastructure projects. This is one element that we have to keep in mind,” he said. Continue reading
Exxon-Mobil: First Oil: Liza Destiny arrives in Stabroek Block
Posted by: Denis Chabrol in Demerara Waves – August 29, 2019
The floating production storage and offloading (FPSO) vessel journeyed for 42 days, after a June commissioning ceremony at which First Lady, Sandra Granger renamed it “Godmother”.
After clearing customs, the vessel will be moored to the seabed (known as spread mooring) in preparation for production, storage and offloading of Guyana’s oil. Continue reading →
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