Guyana’s revenue from oil and gas for at least the first five years of production will be nothing to boast about, according to Opposition Leader Bharrat Jagdeo, who says it will be sometime before the country and its people benefit from the expected wealth.
“When I hear about this rosy picture that is painted for the post 2020 period, it doesn’t accord with the reality of our finances and where we are going,” Jagdeo told attendees at the 129th Annual Awards Presentation and Gala Dinner of the Georgetown Chamber of Commerce and Industry (GCCI).
The keynote speaker at the event, Jagdeo used the occasion to criticise government’s preparation for the first five years of oil and gas production and what he said was its boasting of revenues to be earned from the emerging sector, where production is set to commence sometime in the last quarter of 2019 or the first quarter of 2020.
