Guyana

An Oil Discovery In Guyana May Be Worth 12 Times More Than Its Economy

Off the coast of Guyana, in the waters of the Atlantic Ocean, may lie oil and natural gas riches worth $40 billion dollars, or roughly 12 times more valuable than the nation’s gross domestic product (GDP), Bloomberg reports. The discovery made by Exxon Mobil is likely to hold over 700 million barrels of oil, and crude production might … Continue reading →