Guyana headed towards rapid oil production
By Caribbean News Now Contributor GEORGETOWN, Guyana — As Bloomberg News recently reported, Guyana could see substantial oil revenues from its Stabroek Block as early as 2020, thanks to a rapid production timeline being pursued by driller ExxonMobil. According to earlier International Monetary Fund (IMF) reports, those payouts for Guyana could be…
inistry of Natural Resources (MNR) as it is known was established on December 17, 2011 as the Ministry of Natural Resources and the Environment (MNRE) with a primary focus of harmonizing policy and management in the Natural resources-based sectors. However, following the appointment of the new Government in May 2015, the institutional structure of the MNRE changed and it became a Department of Natural Resources and Environment under the purview of the Ministry of Presidency. A second change occurred on January 18, 2016 which saw the Department of Natural Resources and the Environment transformed to into the Ministry of Natural Resources.