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GUYANA-ENERGY-Government wants to market its own crude oil

Guyana plans to sell its own crude
Last Updated on Thursday, 2 October 2025, 11:57 by Denis Chabrol President Irfaan Ali addressing a Georgetown Chamber of Commerce and Industry breakfast that focussed on the energy sector. President Irfaan Ali on Thursday announced that Guyana...

New FOREX rules will not affect small, local businesses – Jagdeo
Vice President Dr Bharrat Jagdeo has explained that the new rules announced for the foreign exchange system in the country will not affect small, local businesses. Earlier this week, President Dr Irfaan Ali announced a slew of measures aimed at...

Significant exemptions for small businesses as new foreign exchange rules target gaps – Jagdeo
Two days after President Dr Irfaan Ali announced new policies for foreign exchange control in Guyana, the country’s Vice President Dr Bharrat Jagdeo has emphasised that these measures are meant to close loopholes that exist and prevent money from...

Government to fast track establishment of zero-interest Development Bank -VP Jagdeo
Vice President Bharrat Jagdeo today announced that the Government has commenced work for the establishment of a bank that will offer zero-interest to benefit mostly those business owners who are finding it difficult to access loans through the...

Significant progress in Guyana-led food initiative – Mustapha
“For Guyana, we are fully committed to playing a leading role. Our national targets for 2030 include more than one million tonnes of rice, nearly half a million tonnes of vegetables, 300,000 tonnes of coconut, and over 100,000 tonnes of poultry....
2025 Dirty Tanker Market Review: A Powerful Rally – Scenarios behind the Recovery
The summer of 2025 surprised with earnings, as VLCC rates climbed well above seasonal norms. In the sections that follow, we outline the key dynamics that, whether acting individually or in combination, underpinned this momentum and sustained...

PM Phillips spotlights Guyana’s clean energy progress at OLADE Energy Week
-tells OLADE that the country remains dedicated to achieving a low carbon economy Prime Minister, Brigadier (Ret’d), Mark Phillips outlined Guyana’s actions and achievements under its Low Carbon Development Strategy (LCDS) 2030, while emphasising...

‘Businesses must go beyond profits’ – Pres. Ali urges private sector to uplift workers & support sustainable development
President Dr Irfaan Ali has reaffirmed his government’s commitment to leveraging the country’s oil windfall to drive development across all sectors of the economy and ensure that every citizen shares in the benefits. He made the remarks today...

Guyana focuses heavily on production of hatching eggs
Agriculture Minister Zulfikar Mustapha has unveiled plans for hatching egg production at Pakuri Village, through a large-scale investment with the private sector. In an interview with reporters on Wednesday, the minister said plans are moving...

Gov’t aims to establish zero-interest development bank by next year
ACCESS to funding for young entrepreneurs, women, and small business owners in Guyana could soon become easier as the government is moving to set up the zero- interest development bank. This was announced by Vice President Dr. Bharrat Jagdeo today...

Govt aims to launch zero-interest development bank next year; funding to be included in Budget 2026 – Jagdeo
Vice President Dr Bharrat Jagdeo announced today that the Guyana Government is working towards launching the zero-interest development bank for small and medium sized enterprises (SMEs) next year. The development of this institution was revealed...

Govt to support local private sector in building capacity to trade crude oil – Pres. Ali
President Dr Irfaan Ali has announced that the government will actively support the local private sector in building the technical and human resource capacity needed to effectively participate in the trading of crude oil. He made the remarks today...

Locals to trade Guyana’s crude oil eventually – President Ali
President Dr. Irfaan Ali on Thursday announced bold plans for Guyana to build its local capabilities in crude oil trading. This will entail knowledge transfer and strategic partnerships, the Head of State revealed at the Georgetown Chamber of...

Guyanese businessman indicted in US aid theft conspiracy
A long-term international investigation into the theft of American-funded health commodities concluded on Wednesday with the unsealing of an indictment in the District of South Carolina. The case charges Davendra Rampersaud, 42, a Guyanese...

‘Guyana unlikely to host 2025 Super50 finals’ – CWI’s Director of Cricket
Cricket West Indies (CWI) Director of Cricket Miles Bascombe has confirmed that Guyana is unlikely to host the semi-finals and final of the 2025 men’s Super50 tournament, slated for December. Bascombe, speaking at Cricket West Indies’ (CWI)...

Guyana showcases bold agricultural vision as Agri-Month 2025 launches
– achievements in increase production, investments and diversification take centre stage OUTLINING Guyana’s ambitious strides and its rising influence in regional and global agri-food systems, Agriculture Minister, Zulfikar Mustapha, on Wednesday,...

Guyana strengthens global voice with focus on interpretation services
TAGMAN Media, Guyana’s leading provider of conference audio and interpretation services, celebrated International Translation Day on Tuesday with its Live Language Demos and Mixer at Herdmanston Lodge. The event highlighted the critical role of...

Guyanese man who sold stolen HIV test kits sentenced by US court to time served, supervised release
A Guyanese man who pleaded guilty to selling HIV test kits that were stolen from Kenya’s USAID programme was on Tuesday sentenced to time served and supervised release. Davendra Rampersaud, who in 2023 pleaded guilty to three counts of a six-count...

Bank of Nova Scotia in Guyana now Scotiabank Guyana
Canadian-headquartered Bank of Nova Scotia (BNS) announced in a release yesterday that it will be transferring its Guyana banking operations to Scotiabank Guyana Inc (SGI) effective November 1, and will henceforth be conducting business as...