AGP Executive Report
Last update: 3 hours agoOil & Revenue: President Irfaan Ali says Guyana’s share of Stabroek Block oil jumped from 12.5% to 39.8% after ExxonMobil recovered its US$55B cost bank ahead of schedule, lifting “profit oil” while operating costs still remain in recovery. Power & Utilities: Government-backed GPL has acquired Skeldon Energy Inc., with GPL telling SEI staff no jobs will be lost and promising training as the 10MW plant integrates into the grid. Public Finance & Procurement: Ali says Guyana will fully digitise public procurement by end-2026, moving bidding and tendering onto an integrated e-procurement system to improve tracking and oversight. Health Infrastructure: Government has started international arbitration after terminating VAMED contracts for the Ogle Children and Maternity Hospital and New Amsterdam Hospital Campus, citing delays and breaches; performance bonds are being pursued. Education Outcomes: Guyana reports CSEC gains and a 67% pass rate, plus expanded vocational certification via CVQs. Business & Trade: Kanghong’s conbercept (Lumitin) gets Guyana market authorization. Tourism: CTO and Aquila will run a Cruise Master Class at SOTIC (Oct 5–9) to help Guyana build cruise tourism readiness and local shore-experience opportunities. Legal/Politics: Opposition Leader Azruddin Mohamed faces legal threats from Sigma Engineers and Mohamed Aqtar Ali over procurement-linked allegations.
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