Nearly eight months after the Guyana government announced plans to secure cheaper fuels for its citizens through a partnership with U.S.-based Curlew Midstream, Vice President Bharrat Jagdeo revealed on Thursday that no formal agreement has been signed. The deal, which aimed to establish a storage facility in Guyana, has been delayed due to significant differences in the terms. Negotiations were suspended until after the September 1 general and regional elections. Jagdeo emphasized that the government would only proceed with an agreement that ensures long-term benefits for Guyana while delivering immediate cost reductions. The proposed project involved procuring fuels through Curlew Midstream and building a tank farm to store additional fuel, potentially lowering procurement costs by 20% to 35%. Jagdeo reiterated the government’s commitment to thorough due diligence, stating that they would not rush into any agreement that could harm the country’s future. The project, initially announced in February 2025, also envisioned Guyana becoming a fuel hub for the Caribbean and northern Brazil, with Curlew Midstream investing $300 million in a state-of-the-art depot capable of storing 750,000 barrels of various fuels.