News

Godfrey Statia
Godfrey Statia

GRA begins audit of US$460M pre-oil costs

ExxonMobil says it will be cooperating with the Guyana Revenue Authority (GRA) in the ongoing audit of its US$460 million pre-contract and cost recovery charges even as the company projects that the Liza-1 oil well development alone will cost approximately US$4.4 billion.

Islamic bank approves US$20M loan for GPL upgrades

Minister of Finance Winston Jordan will on September 19th sign an agreement in Saudi Arabia with the Islamic Development Bank (IsDB) for a loan of US$20 million for the Guyana Power and Light (GPL), which is expected to fund a “comprehensive turnaround” of the company’s electricity distribution.

Bharrat Jagdeo

PPP/C never requested ‘power sharing’

Leader of the Opposition Bharrat Jagdeo has said his party never requested “power sharing” with the current administration, making President David Granger’s recent pronouncement that it was now “too late” for such an arrangement surprising.

New ‘B’ Division Commander Clifton Hicken (at right) speaks with vendors during a walkabout in New Amsterdam on Friday

New Commander Hicken promises service, protection to Berbicians

Assistant Commissioner of Police Clifton Hicken, who was recently appointed Commander of ‘B’ Division (Berbice) hit the ground running last week when he met with various stakeholders in Region Six and promised a better relationship between the police and citizens of the ancient county as well as the implementation of various strategies to further reduce crime.

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