Oil revenue has potential to transform Guyana

Guyana’s imminent oil production will yield significant revenue that can create a large number of jobs in the manufacturing of value-added agricultural products and the development of its physical infrastructure, while at the same time delivering quality education for a diversified economy, United States Ambassador to Guyana Perry Holloway says.

“The bottom line is that this oil is going to give Guyana, if it does it correctly, the ability to transform the country into whatever direction it is that the government and the people decide they want to go,” Holloway told Stabroek News in an exclusive interview.

While the American envoy acknowledged that ExxonMobil’s oil find offshore Guyana would not generate sufficient