Guyana and the Wider World

Guyana’s Petroleum Road Map Part 2, Guidepost 4: More on why a state-owned oil-refinery does not make economic sense

Introduction Today’s column expands further on the reasoning behind the Guyana’s Petroleum Road Map’s finding that there is not sound economic reasoning behind calls to establish a state-owned oil refinery to process (and thereby add value) to its crude oil production at this stage of development of the country’s coming petroleum industry.

More on the “well underway” spending priorities

Introduction Last week I had raised several critical conceptual and analytical concerns related to what I labelled as “the Government of Guyana’s (GoG) well underway priority” of establishing a Sovereign Wealth Fund (SWF)//Natural Resources Fund (NRF).

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