Tag Archives: Guyana Politics: No guarantee ‘oil money’ will transform Guyana – PPP

Guyana Politics: No guarantee ‘oil money’ will transform Guyana – PPP

Guarantees that petroleum production will be transformative for Guyana’s economic development and usher in prosperity for the people of the country are non-existent, according to the Peoples Progressive Party (PPP).

The parliamentary opposition gave its gloomy outlook over the weekend, on the short term fortunes of the nascent oil and gas industry.

According to the PPP, the announcement of ‘first oil’ should have fueled the hopes and aspirations of Guyanese across the country, given the opportunities in the oil and gas sector.      Continue reading

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