Home » Guyana News Updates, May 20-22, 2022

Guyana News Updates, May 20-22, 2022

by terrence richard blackman
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Guyana: the world’s fastest growing economy


MENAS London – Wednesday 25 May 2022




Int’l Energy Expo 2023 launched with focus on traditional sectors – Guyana Times

February 14-17, 2023





Coordinated CARICOM a pre-requisite ahead of upcoming multilateral meetings — CARICOM SG Dr. Barnett – Kaieteur News



CARICOM Heads agree to action timeline, proposals to remove trade barriers – News Room Guyana


CARICOM Ministers Want Greater Regional Collaboration – New York Carib News



CARICOM leaders agree to fix regional transportation, set deadlines for removal of trade barriers – Demerara Waves Online News- Guyana


Caricom foreign ministers call for greater collaboration – Jamaica Observer


Belize Minister Says Foreign Policy Coordination In CARICOM Indispensable – St. Lucia Times News



Removal of trade barriers key to regional food security- CARICOM Heads – Kaieteur News



Rowley: Caricom must become single market economy


Work to change Guyana relations


Budding oil powerhouse bent on boosting food security, slashing import bill for 15 countries | OilNOW


Vision 25 by 2025 ‘very realistic’ – President Ali – Department of Public Information


‘Life or death’ need for investments in Caribbean’s billion-dollar market – News Room Guyana


Agri-Investment Forum, Expo proves CARICOM’s readiness to drive food system – President Ali – Department of Public Information


‘It has to come from the top’ – Jagdeo says Caribbean leaders need to champion ambitious Agri. plan – News Room Guyana


State leaders essential in driving region’s food system -VP – Department of Public Information


“It is the right time for our region to invest in our agro-productive sector,” CARICOM Chair John Briceno tells participants at Agri-Investment Forum and Expo in Guyana


‘Food and water more important than oil’: Kaieteur News

– PM Mottley tells Agri Investment Forum

After cheering President Irfaan Ali on for being the host of the inaugural Agri Investment Forum which provides Regional leaders an opportunity to tap into the rich resources available in the respective Caribbean countries, Prime Minister of Barbados, Mia Mottley went on to caution that food and water remain priority rather than oil, at a time when the global supply chain remains grounded, due to strains from the pandemic and the European war between Russia and Ukraine, especially.


Mottley: Quick transportation, removing trade barriers part of ‘practical focus’ of agriculture – News Room Guyana


Less talk, more work needed for CARICOM food goals – Stabroek News



Agri-forum: Guyana, T&T urged to help region fight fertilizer costs | Loop Caribbean News



Russia’s invasion of Ukraine sets off Latin American fertilizer race



US-based Guyanese wheat expert hails home country’s efforts to grow the grain; identifies key elements for success – Demerara Waves Online News- Guyana


Guyana inks cooperation agreements with FAO – News Source Guyana



FAO study says climate change, not oil exploration to be blamed for reduction of fish catch in Guyana – CNW Network


Investment in shipping required for food security – CARICOM Heads – Stabroek News



Rowley makes international pitch for Caribbean ships to transport cheap agricultural produce – Demerara Waves Online News- Guyana


Brazilian state wants to be integrated into CARICOM’s food security vision – President Ali – Department of Public Information



Addressing misinformation on gas-to-shore project: Guyana Chronicle  

In one of my recent weekly podcasts titled “JB & Salim”, a relatively new program started by this author which is a weekly conversation on Guyana’s economic development and macrofinance issues, a presentation was made on a cost benefit analysis of the proposed gas-to-shore project. In this presentation, I attempted to quantify what might be the net benefit or cost of such a project both on a macro and micro level. The reason for doing this, is because all the proponents who have vehemently criticized and labeled the project a “white elephant” in the making thus far, have not considered, or care to consider whether the project will yield any positive impact on the overall economy and translate, ultimately to tangible benefits for every Guyanese.


Better to use gas for Guyana’s benefit than to flare, reinject it – GCCI President | OilNOW


US$60 billion to be invested in Guyana oil and gas sector this decade – Rystad analyst: OilNOW

Rystad Energy’s Latin America analyst, Sofia Forestieri, said the energy research firm expects international oil companies to invest approximately US$60 billion into exploration and production activities, mainly in the Stabroek Block, in the decade 2021-2030. Rystad projected that, of investments made into the petroleum sectors of countries in the Latin America region, Guyana investments would amount to the fourth highest. Guyana stands behind Brazil, for which Rystad projects more than US$180 billion in investments for the decade.


Guyana received over GY$16 billion in royalty payments since 2020 | OilNOW


Exxon’s 5th project will burden Guyana’s emergency services, waste disposal capacity: Kaieteur News

Esso Exploration and Production Guyana Limited (EEPGL)—ExxonMobil Guyana is moving apace in pursuing its fifth development in the Stabroek Block, namely the Urau 1 development. This is in addition to the Liza 1 and II operations, already producing oil, the Payara and Yellowtail Developments. Like the previous developments, the company was required to submit to the Environmental Protection Agency (EPA) a Project Summary for consideration and in that document, the company has outlined some of the possible impacts to be had as a result of the development of the project.


Trinidad’s Petrotrin available to refine Guyana’s oil- Rowley – Demerara Waves Online News- Guyana


Lack of access to loans continues to stifle local businesses: Kaieteur News

In 2021, Guyana passed its local content legislation, which caters for locals getting first preference in the country’s oil and gas sector. The Local Content law is intended to regulate the way companies operate in Guyana’s oil and gas sector; employ persons, buy services and the way that they procure goods. However, local companies, especially medium-sized businesses lack of access to loans from the banking sector with reasonable interest rate has been hindering their competitiveness in the oil and gas sector. As a result of the aforementioned, several members in Guyana’s private sector have voiced their concerns about the issue.


Jagdeo favours MoU with Trinidad and Tobago: Demerara Waves  

Vice President Bharrat Jagdeo on Thursday said he preferred a memorandum of understanding with Trinidad and Tobago as a way forward to removing a range of non-tariff barriers. “Hopefully, the MoU will go towards resolving the difficulties we have had so you have to have a pathway to solving the problem. You just can’t complain about it and I think that’swhat we’re looking for,” he told Denerara Waves Online News just before the official opening of the Agri-Invest Forum.


Foreign Secretary assures GCCI that removal of trade barriers a top priority: News Room  

Guyana continues to work assiduously towards the removal of non-tariff barriers to the free movement of goods and services within the Caribbean Community (CARICOM), according to Foreign Secretary Robert Persaud. Persaud was at the time responding to concerns expressed by the Georgetown Chamber of Commerce and Industry (GCCI) over the pending signing of a Memorandum of Understanding (MoU) between Guyana and Trinidad and Tobago. The GCCI is of the view that Port of Spain should remove non-tariff barriers (NTB) on Guyanese goods before the government here signs any MoU.


Rowley says no ‘aggressive’ intent to ‘test’ Guyana’s Local Content Law – News Room Guyana


Refrain from MoU with T&T until trade barriers are removed – Georgetown Chamber tells Government | OilNOW


Tucker knocks T&T trade barriers again as Rowley, Ali prepare to sign MoU | OilNOW


Guyana, T&T sign MOU to resolve trade restrictions, push other sectors – Department of Public Information


Georgetown Chamber welcomes TT-Guyana accord to remove trade barriers – Demerara Waves Online News- Guyana


Guyana’s PSC to engage T&T Gov’t, private sector on trade barriers – News Room Guyana


Belize and Barbados/CARICOM relations – Barbados Today


“We have to reorient int’l help to build capacity at enterprise level” – VP Jagdeo – Guyana Times


Guyana will attend Summit of the Americas to pursue its interests; will continue to lobby for Cuba – Demerara Waves Online News- Guyana


DDL eyes land at Moblissa for large scale dairy farming – Guyana Times


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1 comment

Dennis Lord May 23, 2022 - 2:31 pm

“Guyana: the world’s fastest growing economy” – But, who really benefits?

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