While the contract between Barama Company Limited and the Government of Guyana is expected to be renewed by the end of the week, a source says that the company’s operations will be scaled back and it will likely have to lay off more workers.
According to a source close to the company, while the previous 25-year contract expired on October 15, it will be renewed soon, but the company is going to continue its operations on a smaller scale. The decision was made because it was not economically viable to continue at its current scale.
Stabroek News was unable to confirm
