BUSINESS

Guyana — People To Reap Benefits From Oil Discoveries

In a recent report, the Guyana Government has reiterated that it would enact policies to ensure that citizens benefit from the country’s resources as ExxonMobil said it had made its 18th discovery offshore the country.

ExxonMobil said that the discovery will add to the previously announced estimated recoverable resource of more than eight billion oil-equivalent barrels on the Stabroek Block.

Natural Resources Minister Vickram Bharrat, in welcoming the latest discovery, said the ExxonMobil program will play a pivotal role in the Government’s long term plans which will bring significant value to the country’s development.

Nigel Bell, Readers Bureau, Contributor

Edited by Jesus Chan

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