Home » Guyana News Updates, October 05, 2022

Guyana News Updates, October 05, 2022

by terrence richard blackman
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Guyana Basins Summit

October 4-6, 2022


“Innovative Research on Sustainable Development in a Resource Abundant Economy”

University of Guyana School of Graduate Studies and Research (UGSGSR)

October 5 – 7, 2022

Webinar Registration Link:  https://zoom.us/webinar/register/WN_WuT_HF-yQO6T8_vuFFX05g

US Department of Commerce Caribbean Trade Mission & Conference

October 23-28, 2022


Caribbean Investment Forum

November 8-11, 2022



The Chinese in Guyana: the making of a Creole community

Laura Hall research materials on the Chinese in Guyana – 1995 PhD dissertation

Materials 1867-2010


World Bank Economist calls on Bank of Guyana to put measures in place to address rising inflation – News Source Guyana


Calls for Guyana to share its wealth with Caricom – Trinidad Guardian


Elizabeth Morgan | CARICOM’s bilateral memoranda of understanding trend | Commentary | Jamaica Gleaner


Tucker backs robust investment drive to help Guyana ‘catch up’ on development curve: News Room

President of the Georgetown Chamber of Commerce and Industry (GCCI) Timothy Tucker has backed the robust investment drive in Guyana, stating that it is needed to help the country ‘catch up’ on its development pathway. Tucker, who spoke at the opening of the Guyana Basins Summit at the Pegasus Corporate Suites on Tuesday said that Guyana is an attractive place for investment. The GCCI President welcomed these developments because he believes the local economy has to rapidly develop on account of the nascent but sophisticated oil industry.

Guyana aims to be top tier investment destination for oil, other industries – GCCI President: OilNOW

With Guyana’s oil and gas sector poised to usher in a new area of unprecedented Foreign Direct Investments (FDI), it is critical that the country has a well-crafted plan to improve the business environment so that maximum benefits and widespread prosperity are achieved. This was the crux of the Keynote Address delivered by the 57th President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker before hundreds of delegates and exhibitors at the opening of the Guyana Basins Summit on Tuesday.

Guyana considers entering downstream business with 30,000 bpd refinery: OilNOW

An Expression of Interest (EOI) is expected to be issued by the Guyana government for the establishment of a 30,000-barrel refinery, President Dr. Mohamed Irfaan Ali relayed on Tuesday. Talk of building a refinery in Guyana had ramped up over the past few months due to inflated petrochemical prices, but this is the first time that a concrete decision has been announced to pursue one. The government had been exploring options, having received proposals from eager investors.

Guyana expected to deliver 810,000 bpd of light sweet crude by 2025 — MercoPress


Guyana Basins Summit 2022… Guyana at critical juncture in oil history; must channel revenues into health, education, renewables – Industry Leaders: Kaieteur News

Industry experts and potential investment partners participating in the three-day Guyana Basins Summit (GBS) which opened at the Pegasus Suites and Corporate Centre on Tuesday all agree that the country’s success with its petro-dollars lies in the strengthening of its health, education, and infrastructure industries as well as its human capital. There was also unanimous agreement that Guyana must invest in renewables such as solar power so that its efforts towards diversification can be achieved.

Govt single windows helping to improve ease of doing business – GCCI President: Guyana Times  

…hails collaboration between Govt, private sector

While more remains to be done with Government’s aim of improving the ease of doing business in Guyana, the Georgetown Chamber of Commerce and Industry (GCCI) President, Timothy Tucker, on Tuesday acknowledged and lauded the steps that have already been taken in the single window system. The GCCI President was the first speaker in the line-up for the Guyana Basin Summit, which started at the Pegasus hotel on Tuesday. He spoke about the business climate in Guyana and some of the challenges businesses face, such as lack of inter-agency cooperation.

Service delivery to improve as GO-Invest attains ISO certification – Department of Public Information, Guyana

Guyana needs to attract, retain critical skills – IOGP Director: Guyana Times  

…says this will be key to country’s development trajectory

The importance of Guyana retaining and attracting skills, while halting the brain drain, was on Tuesday underscored at the Guyana Basin Summit (GBS) as an important strategy to ensure the country develops its full potential during its oil and gas boom. According to Executive Director for the International Association of Oil and Gas Producers (IOGP), Iman Hill, Guyana is in a good position to leverage its growing oil and gas industry to attract the best minds from its own people.


News Room: President of the Georgetown Chamber of Commerce and Industry (GCCI) Timothy Tucker has backed the robust investment drive in Guyana, stating that it is needed to help the country ‘catch up’ on its development pathway.  Tucker, who spoke at the opening of the Guyana Basins Summit at the Pegasus Corporate Suites  on Tuesday underscored that Guyana is an attractive place for investment.

Gov’t moving for modular oil refinery: Stabroek News  

-would have 30,000 barrels per day capacity

After more than two years of persistent lobbying by the private sector, in the wake of oil production, government yesterday announced that it would be seeking expressions of interest (EoIs) to build a 30,000 barrels-per-day oil refinery here. “You will see new expressions of interest coming out soon. And we are asking investors across the world to participate fully…We are looking at the launch of an expression of interest for a 30,000 barrel refinery.

Exxon signals strong Q3 earnings on natural gas pricing: Stabroek News

HOUSTON,  (Reuters) – Exxon Mobil Corp XOM.N yesterday signaled strong third quarter operating profits on the heels of the prior quarter’s all-time high as earnings from natural gas offset weaker refining and chemicals, according to a securities filing. The largest U.S. oil producer issued a snapshot of factors affecting its third quarter that showed results could land near the company’s $17.9 billion second quarter profit.

Exploitation of resources must be done safely: Kaieteur News

…Guyana must protect itself, Region

Recent events have highlighted the high risk involved in oil and gas production, but to ensure a sustainable world for generations to come, petroleum companies have been urged to step up their game when it comes to safeguarding the environment. Delivering this charge was Executive Director of the International Association of Oil and Gas Producers (IOGP), Iman Hill – the keynote speaker at the Guyana Basins Summit (GBS) that opened on Tuesday at the Pegasus Suites and Corporate Centre, in Georgetown.

Govt. a no-show at Guyana Basins Summit: Kaieteur News

– over 80 exhibitors showcase their services

The second edition of the Guyana Basins Summit (GBS-2022) on Tuesday kicked off at the Pegasus Suites and Corporate Centre in Georgetown. The event, which is being hosted under the theme: ‘Responsibly Developing the Region’s Resources for a Prosperous and Sustainable Future’, is set to have 80 plus exhibitors on display. Noticeably, no official from the government attended the opening of the three-day event which winds down Thursday. GBS was organised by the Georgetown Chamber of Commerce and Industry (GCCI) to allow international and local firms to showcase their products and services to foster business partnerships in the emerging oil and gas sector.

Govt. boycotts oil summit held locally: Guyana Standard  

Not a single person from the 25-member Irfaan Ali-led Cabinet showed their face at the Guyana Basin Summit (GBS) hosted today at the New Pegasus Suites and Corporate Centre. In fact, even the Guyana Office for Investment (GO-Invest) was noticeably absent from the event. The three-day summit is being held under the theme “Responsibly Developing the Region’s Resources for a Prosperous and Sustainable Future.” It was marketed as a platform of choice for oil and gas executives, government stakeholders and industry experts in Guyana.

APNU+AFC calls on Govt. to subsidize electricity for low-income households: Kaieteur News

While Senior Minister Responsible for Finance Dr. Ashni Singh has announced a reduction of gasoline and diesel prices at the state-run Guyana Oil Company Ltd (GUYOIL), the opposition, A Partnership for National Unity+ Alliance For Change (APNU+AFC), is calling on government to urgently introduce an electricity subsidy for low-income households. The call comes days after ordinary citizens raised concerns about the fact that the relief route taken by the government will not reach them.

March 6th possible local gov’t polls date: Stabroek News

The Guyana Elections Commission (GECOM) may soon advise the Minister of Local Government and Regional Development that the earliest possible date it could host the overdue Local Government Elections (LGE) is March 6, 2023. While GECOM administrates  elections in Guyana, the responsibility to name a date for local government polls is within the remit of the Minister of Local Government and Regional Development. In this case, GECOM Chair retired Justice Claudette Singh would have to write Minister Nigel Dharamlall informing him of the state of readiness of the commission to execute its mandate.

Telepathology programme being developed for Guyana with Mount Sinai Medical – News Room Guyana

Tourism Guyana unveils second magazine – Guyana Chronicle


Concrete drains for entire G/Town part of long term flood relief plan – News Room Guyana

Sixth Guyana lawsuit filed over failure to protect public from spill risks | IEEFA


Ramps Logistics slapped with 10 charges from GRA for false declarations | OilNOW

NCB gets closer to Guyanese goals – Jamaica Observer

It cannot be said that Venezuela is not participating in the ICJ process – Stabroek News


President Ali shares map of land boundary between Guyana and Venezuela | Loop Caribbean News


Guyana marks 123rd anniversary of tribunal award defining border with Venezuela – CNW Network

123 years after settlement of boundary, Venezuela’s land grab aspirations now being driven by oil | OilNOW

US State Department says Guyana/Venezuela land boundary should be respected | OilNOW

US govt restates recognition of Guyana-Venezuela boundary – Demerara Waves Online News- Guyana

US reaffirms support for peaceful resolution to Guyana/Venezuela border controversy

Suriname to open auction for Demerara acreage in Q4: OilNOW

Suriname’s state-oil entity Staatsolie plans to open an auction for nation’s Demerara acreage, during the fourth quarter of 2022. Staatsolie representatives revealed this at the Guyana Basins Summit (GBS) 2022 currently being held at the Pegasus Suites in Guyana. The three-day Summit explores oil and gas and energy developments and opportunities in Guyana, Suriname and French Guiana. Suriname’s Demerara Play spans some 43,000 square kilometres (km2) with water depths between 500 to 3,000 metres.

Fate of Petrobras hangs in the balance as Lula, Bolsonaro go head-to-head | OilNOW

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