Guyana to get oil refinery; site identified at Linden. The locally-registered company, GuyEnergy, says the facility, which will be built in Linden, will have a capacity of 30,000 barrels per day. Minister of Natural Resources, Raphael Trotman has said Guyana’s daily oil consumption is 13,000 to 15,000 barrels per day.
London — Tullow Oil's shares suffered a beating in early trading Wednesday as the independent oil explorer said its major oil finds offshore Guyana may not be as commercial viable as first expected due to the oil being tough to produce, low value heavy crude. The UK-based company also lowered its oil production estimate for 2019 due to technical issues at its Ghanaian assets.
NICIL refutes claims of Skeldon Sugar factory sell out Nov 14, 2019 News 0 Chief Executive Officer of the National Industrial Commercial Investment Limited, (NICIL), Colvin Heath-London, is refuting claims that Government has taken steps to sell the non-functional Skeldon Sugar Plant to a South African Company.
….consultant forecasts negative returns BASED on projections, it would cost the government a huge sum of US$5B to construct a standard 100 barrel per day oil refinery here. Against this backdrop, consultant, Pedro Haas, Director of Advisor Services at Hartree Partners in the United States, suggests the creation of a robust unit within the
The people of Guyana should also be aware and assured, that the Cooperative Republic of Guyana will be represented at these first oil negotiations by a full team of international experts
THE LONDON OIL REFINING CO. LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
We hear Guyana will be getting 50% but I am not sure that is after expenses have been deducted. In any event crude is sold at market price with a little option for negotiation so EXXON can even sell to a Guyanese refinery. The late President Burnham had a study done in 1978 as to whether an oil refinery here would be feasible.
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