MEDIA STATEMENT – Guyana’s recoverable oil resources increased to approximately 10 billion oil equivalent barrels with newest Cataback-1 well discovery
MEDIA STATEMENT Guyana’s recoverable oil resources increased to approximately 10 billion oil equivalent barrels with newest Cataback-1 well discovery Guyana currently has the 3rd highest oil reserves in the Latin America and Caribbean Region, and as the petroleum sector continues to drive the country’s economic growth, the Ministry of Natural…
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.
