ONLINE EVENT: After the Vote—What’s Next for Mexico’s Judiciary?

Live Now
Linkedin-in Youtube Facebook-f

LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

February 21, 2025

How Much Growth Can Guyana’s Oil Sector Expect?

Guyana saw a 54 percent rise in its level of oil exports last year. // File Photo: Government of Guyana.

Q

  • Guyana’s oil exports rose by 54 percent in 2024, as the consortium led by ExxonMobil that operates in the offshore Stabroek Block continues to expand its daily production capacity. The consortium plans to bring a new floating production, storage and offloading vessel online this year, which would make national oil output nearly 900,000 barrels per day, and it has other expansion projects under development. What obstacles stand in the way of the consortium’s plans to produce 1.5 million barrels of oil per day in Guyana by 2029? How has Guyana’s booming oil sector affected President Irfaan Ali’s prospects for re-election ahead of scheduled general elections in November? How might instability in neighboring Venezuela affect oil operations in Guyana?

A

Riyad Insanally, fellow at the Caribbean Policy Consortium and former ambassador of Guyana to the United States: “Finance Minister Ashni Singh has just presented the 2025 budget, titled, ‘A Secure, Prosperous, and Sustainable Guyana.’ Real GDP growth in 2024 was 43.6 percent, driven by expanding oil production. The non-oil economy also grew by 13.1 percent. Overall growth in 2025 is projected at a more moderate but still impressive 10.6 percent. Although the consortium should hit its target of 900,000 barrels per day by the end of the year, export earnings from oil are anticipated to decline by 2.1 percent because of lower market prices. This is expected to be offset to some extent by the continued growth of the non-oil economy. The Irfaan Ali administration, enjoying the advantages of incumbency…”

Top News

Netflix Planning to Invest $1 Billion in Mexico: CEO
Streaming platform Netflix will invest $1 billion in Mexico over the next four years, Chief Executive Officer Ted Sarandos said Thursday.
Brazilian High Court Justice Fines Social Media Site X
Brazilian Supreme Court Justice Alexandre de Moraes fined social media site X $1.4 million, saying it failed to comply with an order related to a conservative journalist accused of spreading fake news.
Sheinbaum Seeks Reform After U.S. Designates Cartels Terrorists
Mexican President Claudia Sheinbaum said Thursday that she is seeking constitutional reforms to protect the country’s sovereignty after the United States designated six Mexican organized crime groups as terrorist organizations.

Complete editions of the Latin America Advisor are delivered on a biweekly basis to members of the Dialogue’s Corporate Program and other subscribers. Sign up below for a free complimentary preview subscription.

Subscribe

ABOUT THE LATIN AMERICA ADVISOR

The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
Energy Advisor
Financial Services Advisor

Subscribers

the-dialogue-subscribers7
the-dialogue-subscribers6
the-dialogue-subscribers5
the-dialogue-subscribers4
the-dialogue-subscribers3
the-dialogue-subscribers2
the-dialogue-subscribers1

Staff

Gene Kuleta
Editor
202.463.2920
gkuleta@thedialogue.org

Jack Quinn
Reporter

jquinn@thedialogue.org

Lori Rampani
Reporter

lrampani@thedialogue.org

Subscribe

board of advisors

Diego Arria
Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
President Emeritus,
Inter-American Dialogue

Donna Hrinak
Director,
Adtalem Global Education

Jon E. Huenemann
Council Member,
GLG Inc.

James R. Jones
Chairman,
Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
Director,
US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
McLarty Associates

Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

Subscribe To
Latin America Advisors

* indicates required field

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The Inter-American Dialogue MEXICO Program

SUBSCRIBE TO OUR NEWSLETTER / SUSCRÍBASE A NUESTRO BOLETÍN:

* indicates required

The Inter-American Dialogue BRAZIL Program

SUBSCRIBE TO OUR NEWSLETTER / SUSCRÍBASE A NUESTRO BOLETÍN:

* indicates required

The Inter-American Dialogue Education Program

SUBSCRIBE TO OUR NEWSLETTER / SUSCRÍBASE A NUESTRO BOLETÍN:

* indicates required

Photo of money

Remittance Transfers in 2025: The Year in Review