Tag Archives: Vice President- Dr. Bharrat Jagdeo

GUYANA: Rapid development requires 100.000 additional workers + Investments – Foreign Secretary

‘Urgently explore opportunities at home’ – Foreign Secretary tells Guyanese in T&T

Recently, Persaud told members of the Guyanese diaspora in Trinidad and Tobago (T&T) that the Guyanese economy is growing at a fast pace and both skilled and unskilled workers are needed to fill public and private sector jobs.

He said the Government of Guyana is trying to woo members of its diaspora to return by offering several incentives including tax concessions on personal effects such as vehicles and housing lots in Guyana.          Continue reading

GUYANA: IDB to approve US$83.5M for Guyana to diversify energy mix with mega solar farms

 ByOilNOW – March 2, 2022

Notwithstanding Guyana’s evolving trillion-dollar oil and gas sector, the government is intent on demonstrating its commitment to the development of a cleaner, greener, and more diversified energy matrix. Towards this end, the Inter-American Development Bank (IDB) is currently in the preparation stage of approving US$83.5M for Guyana to invest in the development of the grid-connected Solar Photovoltaic (PV) Systems at strategic locations across the country.            Continue reading

GUYANA: Under coalition the gas-to-energy project was US$400M but now its US$900M – Patterson

David Patterson

Sep 03, 2021 – Kaieteur News – As the PPP/C Government rushes ahead with plans to bring the controversial gas-to-energy project onboard by 2024, Opposition Member, David Patterson, has aired some reservations about the cost of the initiative to the nation.

In his most recent Facebook post on the matter, Patterson said, “My records indicate that in 2017, Exxon proposed to construct a pipeline for between US$400M – US$500M inclusive of onshore processing and an LPG (Liquefied petroleum gas) plant.”

He added, “Without any explanation, justification, or further studies, the cost for the exact same project by the exact same company has risen to US$900M.” Patterson expressed alarm that the project is already suffering from massive cost overruns even before a single piece of work or study is completed for same.        Continue reading

GUYANA: Most Regions Remain Flooded; G$10B (app $US 45M) in funding planned to address flooding

Guyana Map showing Regions


Despite a respite in some areas, floodwater remained at significant levels in most of the country’s regions yesterday as authorities continued to mobilise help for victims.

Residential and farm lands along the riverine villages in regions 1, 2, 5, 7, 8, 9 and 10 are the worst affected and the respective Regional Chairs have concluded that these communities will face economic hardships in the coming months as the floods have decimated the livelihoods of many.

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GUYANA: OIL: “Wishful thinking” that Payara could be leveraged to renegotiate Stabroek deal – Jagdeo

VP Dr. Bharrat Jagdeo

Vice President, Dr. Bharrat Jagdeo yesterday said that it is wishful thinking to assume that the Payara development permit could have been leveraged to demand a better Production Sharing Agreement (PSA) from ExxonMobil.

The politician delivered his latest rebuke of calls to get a better deal during a press conference at the Arthur Chung Conference Centre. The 2016 deal signed for Exxon’s operations in the Stabroek Block by former Minister of Natural Resources, Raphael Trotman has been widely condemned for a string of poor provisions, including a paltry two percent royalty share. The People’s Progressive Party Civic (PPP/C), which took office in August, has criticised, but refuses to renegotiate, the deal.      Continue reading

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