LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

September 16, 2022

How Well Is Guyana Managing Growth of its Oil Sector?

Guyana could become the world’s fourth-largest global offshore oil producer by 2036, according to a recent report. The Liza Unity floating, production, storage and offloading vessel is pictured off the country’s coast. // File Photo: ExxonMobil.

Q

A

Riyad Insanally, senior fellow at the Caribbean Initiative of the Atlantic Council’s Adrienne Arsht Latin America Center and former ambassador of Guyana to the United States: “Record GDP growth projected at 56 percent in 2022 accounts for much government optimism. According to Finance Minister Ashni Singh, in his mid-year economic report to Parliament on Aug. 29, the government ‘has embarked on a period of rapid transformation and … has laid out a master plan for the rapid development and transformation of Guyana.’ The ‘master plan’ appears to be based on the deliverables promised in the ruling PPP/C’s 2020 elections manifesto. Non-oil growth at 9.6 percent is encouraging and points to an awareness of the need to guard against the resource curse. Much work remains to be done, however, to put in place the…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Gene Kuleta
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E. gkuleta@thedialogue.org

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Nili Blanck
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board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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