Hopes that Jamaica’s oil and gas potential might follow the lead provided by those of sister Caribbean Community member countries, Guyana and Suriname, continue to be backed by the confidence which the UK-based company United Oil and Gas Plc (UOG) is demonstrating in the strong likelihood that the beneath the waters offshore the region’s foremost tourist island lie significant deposits of recoverable oil.
By Jerry Haar
Guyanese highly value education, and that bodes well as the country seeks to capitalise on its oil and gas largesse and finally build the nation that all Guyanese have hoped for since independence in 1970.
Dwayne Wade’s means of earning a living have come ‘full circle,’ from being in the employ of the majority Russian-owned RUSAL Bauxite Company (now officially known as the Bauxite Company of Guyana Inc.
Buoyed by the success of its exploits in the plantain chips industry, the highly successful company, Jamaica Producers Group, has announced that it is pushing its investment envelope further by pumping J$100 million into the creation of a 50-hectare plantain farm adjoining its existing banana and pineapple growing operations in the country’s St.
The International Monetary Fund (IMF) on Tuesday announced that it had reached an agreement with the Government of Suriname to provide the Caribbean Community (CARICOM) member state with financial support over the next three years through an Extended Facility Fund agreement worth US$690 million.
Gold Prices for the three day period ending Thursday May 6, 2021
Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.
GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 913’s trading results showed consideration of $1,683,338 from 4,550 shares traded in 3 transactions as compared to session 912’s trading results which showed consideration of $9,113,558 from 104,987 shares traded in 13 transactions.
One of our stories in this week’s edition of the Stabroek Business concerns the unfolding progress of the already considerably successful Jamaica Producers’ Group, (JPG) which, based on the contents of its performance profile, would appear to be among the ‘high fliers’ in the country’s agricultural sector and agro-processing sectors.
What has been reported in sections of the media as a strong interest by India, the world’s third largest consumer and importer of crude oil, in establishing a long-term agreement to buy a portion of its oil supplies from Guyana, is being seen in global oil circles as a flexing of what, these days, is its considerable muscle in the oil industry.
These are not Ji Eshwar Chandra’s best days. Over the past several weeks, the Aurora, Essequibo Coast shade house farmer has had to endure the agony of watching much of his produce go un-reaped because, he says, “markets have dried up.”
As the English-speaking Caribbean continues to endure its multi-faceted socio-economic challenges made worse in recent times by the scourge of the global COVID-19 pandemic, Vice Chancellor of the University of the West Indies Sir Hilary Beckles is calling for a payback for the historic contribution made by the English-speaking countries of the region to the development of the hemisphere.
Confronted with an annual food import bill in the region of US$5 billion and seemingly possessed of a viable collective regional policy for significantly reducing that bill, Caribbean Community (CARICOM) countries have reportedly signalled their robust support for an intra-regional consultation ahead of September’s United Nations Food Summit in New York where food security is expected to be high on the agenda.