IMF finds Guyana’s preparation for cost recovery unsatisfactory
In November 2017, the International Monetary Fund (IMF) made several recommendations to the government, one of which includes boosting administrative systems and training personnel...
Ramson gets scholarship for Oxford course on Oil, Gas and Mining Governance
“It is a privilege to get this scholarship from such a world class university to learn about natural resource management from these world-renowned professors....
We will not become intoxicated by oil money –Granger promises
“Guyanese can be assured that the coalition Government will not be intoxicated by oil. It will manage this new resource in a responsible manner...
Intolerance to corruption needed as we approach oil production –PNC Chairman
As the nation gets closer to the production of oil and gas, the government must become intolerant to corruption.
This was one of the central...
Robert Persaud, Jagdeo differ on Govt’s Green Paper on Natural Resources Fund
Leader of the Opposition, Bharrat Jagdeo, has made it clear that his former cabinet colleague and past Natural Resources Minister Robert Persaud, does not...
Govt. has October deadline to audit controversial US$460M pre-contract costs
On October 7, 2016, the coalition Government entered into a Production Sharing Agreement (PSA) with ExxonMobil. The contract which contains the controversial US$460M pre-contract...
Green Paper on NRF… It is just a reflection of our thinking, we...
The Finance Ministry’s Green Paper on the Natural Resource Fund has come in for scathing criticisms from several local and international anticorruption advocates.
Oil and...
Guyanese must push for Local Content booster in NRF, or nation will forever be...
Former Resources Minister Robert Persaud, wants Guyana’s Natural Resources Fund (NRF) to be outfitted with mechanisms to boost local capacity for Guyana’s oil and...
US$5,000 oil money pay-out to citizens has merit; must be examined – Lincoln Lewis
The suggestion that poor Guyanese households should benefit from a US$5,000 pay-out from the oil proceeds, has merit and should be examined, says Trade...
Green Paper on Natural Resource Fund makes no provision for crucial independent auditors
In more than 30 countries, Governments have spent trillions of dollars from Natural Resource Funds in ways that remain shrouded in secrecy. This is...
