AGP Executive Report
Last update: 11 hours agoOil Revenue Watch: Guyana’s Natural Resource Fund grew by US$1.2B in Q2 2026, with US$1.127B in profit oil and US$107.5M in royalties, bringing total petroleum earnings to about US$1.9B for the year so far. Oil Block Deadline: Ghana’s Cybele Energy has been given an end-of-July cut-off to pay a US$17M signing bonus for the offshore S7 block or risk losing the concession, after default interest pushed the amount owed to above US$20M. Water Utility Stress: The Public Utilities Commission says GWI remains financially unsustainable, with $13.4B in treated water lost through leaks and a net loss of $177.4M in 2025. Gold Sector Momentum: Natural Resources Minister Vickram Bharrat says Guyana’s gold declarations hit the half-year target for the first time in about nine years, reaching roughly 233,000 ounces. Housing Backlog Plan: Housing Minister Collin Croal says the backlog for house lots is on track to clear in all regions within two years except Region Four, where 50,000+ applicants remain with no firm timeline. Skills for Growth: The Labour Ministry will host a National Youth Skills Forum and Skills Search Expo on July 15 to match training with the needs of Guyana’s expanding economy. Tourism Pipeline: Guyana is gearing up to host SOTIC 2026 (Oct 5–9) after strong visitor growth, including 453,489 arrivals in 2025 and 107,286 in Q1 2026.
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