08 Sep, 23

Guyana’s Oil Boom Challenges OPEC+ Dominance

UncategorizedNo Comments

In a mere four years, Guyana went from first discovery to first oil, a rapid timeframe in an industry where it can take years to bring major energy projects online. The former British colony is now a major South American oil producer and global petroleum exporter. As a result, Guyana is benefiting from a tremendous economic windfall, with the country emerging as the world’s fastest-growing economy with 2022 gross domestic product (GDP) expanding by a stunning 62%. Industry consultancies and the government in Georgetown expect Guyana to be…

Leave a Reply

Your email address will not be published. Required fields are marked *

This field is required.

This field is required.