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Guyana in race to maximise oil revenues

Vice President Bharrat Jagdeo yesterday reiterated at the Offshore Technology Conference (OTC) in Houston, USA that the government supports the swift development of the local oil and gas sector as a means of earning as much as possible while global realities still allow for the use of fossil fuels.

It was one of the starkest admissions yet by the PPP/C administration, that in tandem with Exxon-Mobil and its partners, its intention was to extract as much of the nine billion barrels of oil equivalent and counting before the tide turns against fossil fuels.
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