AGP Executive Report
Last update: 39 minutes agoOil Profit Share Pressure: Glenn Lall says Exxon’s confirmation it recovered its full US$55B investment must trigger immediate clarity from the PPP/C on when Guyana’s profit share rises to 50% and how much oil revenue now flows into the Natural Resource Fund. Exxon Cash Returns: Exxon also reported Q2 distributions of US$9.4B (US$4.3B dividends, US$5.1B buybacks) alongside US$14.5B earnings and US$17.2B free cash flow. Uranium Alarm: Region 7 Vice-Chair Alden Marslowe warns “Hands off the Kurupung” as U92 Energy prepares to start phase-one drilling after EPA approval. Road Cost Controversy: Opposition Leader Azruddin Mohamed calls the US$161M Linden-Soesdyke Highway rehabilitation “highway robbery,” alleging inflated markups and questionable contractor choices. US Investment in Bauxite: The US Department of War backs a US$150M package to expand Guyana’s First Bauxite mine and build processing capacity, aiming to secure refractory-grade bauxite supply for defence. US Diplomatic Push: Deputy Secretary of State Christopher Landau heads to Georgetown for energy and critical minerals talks with President Ali and Cabinet. CCJ Governance Fight: Internal judge correspondence and a CCJ response fuel a fresh rift over allegations involving CCJ President Winston Anderson and extradition-related deliberations. Tourism Growth: Guyana Tourism Authority reports 226,463 visitors in Jan–Jun 2026, up 12%, with a target of 500,000+ by year-end. Local Economy Upgrades: New Amsterdam’s market and vendors’ hub are set for modernization under the Model Village Initiative, alongside drainage and utility pole works.
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