AGP Executive Report
Last update: 10 hours agoOil & Growth Watch: The IMF says Guyana’s economy keeps sprinting, with 2025 growth above 19% and unemployment down to 6.2%, while oil output topped 900,000 bpd and the non-oil economy grew about 14%. Energy Output Boost: ExxonMobil reports its fifth Guyana FPSO, Errea Wittu, has set sail for the Uaru project, adding 250,000 bpd—pushing capacity toward nearly 1.2 million bpd by end-2026. Exxon Earnings: ExxonMobil’s Q2 2026 earnings rose to $14.5B on higher oil prices and stronger operations, with major cash returns to shareholders. MV Barima Salvage Tender: MARAD has opened Expressions of Interest to salvage the sunken MV Barima, citing poor visibility, strong currents, and the need to protect forensic material for the Commission of Inquiry; EOIs close Aug 14. Local Business & Standards: GNBS urges shoppers to buy properly labelled footwear that meets the national standard for safety and comfort as schools reopen. Education & Sports: President’s College won the ExxonMobil Guyana National Schools Kayaking crown for District 4, while KMTC hosts the Emancipation horse race meet today with $10M in prizes. Governance & Finance: The Government is also moving ahead with the Guyana Development Bank Act and related rollout plans, as institutions gear up for new regional lending operations.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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