AGP Executive Report
Last update: 32 minutes agoOil & Energy: Guyana crossed the one-billion-barrel oil production milestone, with output now nearing 900,000 bpd and expected to top one million bpd by end-2026 after a new FPSO arrives later this year. US–Guyana Ties: Guyana and the United States signed an MoU to deepen security cooperation, including counternarcotics and border security, while also discussing expanded economic cooperation in energy and critical minerals. Petroleum Revenue Debate: Opposition leader Azruddin Mohamed renewed calls for full disclosure on what ExxonMobil’s full cost recovery means for Guyana’s profit share and remaining recoverable costs. Food Supply & Prices: Government will temporarily import about 330,000 lbs of chicken weekly to stabilise local supply while poultry production catches up. Aviation Costs: The Aviation Operators’ Association says domestic airfare prices reflect high operating costs—especially insurance and aircraft capital repayments—after President Ali raised concerns about affordability. Regional Courts: Heads of judiciary across CARICOM pledged support for the CCJ’s integrity amid ongoing allegations around the court’s leadership and judge independence. Tourism & Research: CTO announced a Caribbean Tourism Research Forum at SOTIC 2026 in Guyana to connect research with tourism policy and industry decisions. Maritime Link: Guyana responded to Suriname’s threat of a sailing ban for the MV Canawaima, stressing fuel/lubricant/battery supply is Guyana’s side under the joint venture, while maintenance/dry docking is Suriname’s responsibility. Local Business: Mings Products & Services marked 35 years in Guyana, while Massy Stores reopened a redeveloped supermarket in Barbados after a BDS$46M investment.
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