Guyana’s oil revenues experienced minimal growth in the first half of 2025, primarily due to a downturn in global oil prices. However, the nation anticipates a boost in its oil sector later this year with the commencement of production at the Yellowtail field in the Stabroek Block, facilitated by a floating production storage and offloading (FPSO) vessel. This update was detailed in the mid-year economic report presented to the National Assembly by Finance Minister Dr. Ashni Singh on Monday. The report forecasts that crude oil prices will average $68 per barrel in 2025, marking a 15.7% decrease from the 2024 average of $71.9 per barrel. Despite this, the oil sector is expected to grow by 15.6% due to earlier-than-expected production at Yellowtail, increasing the number of profit oil lifts from 31 to 33. Consequently, Guyana’s petroleum deposits for the year are projected to reach $2,512.4 million, slightly above the $2,503 million estimated during the 2025 National Budget preparation. The report also highlights that the Natural Resources Fund (NRF) is expected to see a withdrawal of $2,463.9 million this year, leaving a closing balance of $3,248.8 million by year-end. Additionally, the oil and gas industry expanded by 5.5% in the first half of 2025, with production totaling 115.7 million barrels, up from 113.5 million barrels in the same period last year. Daily production averaged nearly 640,000 barrels per day (bpd) in the first half of this year, compared to approximately 624,000 bpd in the first half of 2024. The moderation in production on the Destiny FPSO was offset by increased output from the Unity and Prosperity FPSOs.
标签: Guyana
圭亚那
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International rice prices fall below projections – finance minister
Despite the Guyanese government’s efforts to expand rice markets in regions like Mexico and Saudi Arabia, the Ministry of Finance’s mid-year economic report reveals a significant decline in international rice prices, far below initial projections. The report, presented to the National Assembly, indicates that rice prices are expected to average US$406 per metric tonne in 2025, marking a 31% year-on-year decrease and falling short of the US$530 per metric tonne forecasted during the 2025 National Budget preparation. This downturn is attributed to increased global production and unlocked inventories in major exporting countries such as India, compounded by a new harvest in Vietnam. Despite the price slump, Guyana’s rice production target for 2025 remains steady at 804,000 tonnes, with a growth target of 12.4%. The government continues to support farmers through initiatives like fertiliser and pesticide subsidies, alongside innovative pest control methods. Additionally, efforts to secure higher paddy prices for millers are ongoing, with some already paying GY$2,500 per bag. The Guyana Rice Development Board (GRDB) reported a production of 410,194 tonnes of rice equivalent in the first half of 2025, a significant increase from 362,030 tonnes in the same period last year. Favourable weather conditions have also contributed to a yield of 6.6 tonnes per hectare for the first crop of 2025. The government’s comprehensive support, including the release of biocontrol predators and ongoing research on rice insect pest management, underscores its commitment to sustaining the rice industry amidst global market challenges.
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WIN writes House Speaker about electing Opposition Leader
In a significant political development, the We Invest in Nationhood (WIN) party has formally requested the Speaker of the National Assembly, Manzoor Nadir, to convene a meeting for the election of the Opposition Leader. This move follows the swearing-in of WIN leader Azruddin Mohamed as a parliamentarian on Monday, November 3, 2025. Mohamed, who is currently on GY$150,000 bail pending a magistrate’s hearing regarding a U.S. extradition request for alleged wire fraud and money laundering, expressed confidence in his election as Opposition Leader. He emphasized that WIN is the primary opposition party and expects the Speaker to facilitate the process promptly. Mohamed expressed concern that the election did not occur during Monday’s parliamentary session, as he had anticipated. Historically, the Opposition Leader has not been elected at the first sitting of the National Assembly. WIN parliamentarian Tabita Sarabo-Halley confirmed that the party submitted a formal letter to the Speaker, signed by all WIN parliamentarians, urging the immediate election of the Opposition Leader in accordance with Guyana’s Constitution. Speaker Nadir acknowledged the request but indicated that formal notices would need to be issued, though the election could occur before the next parliamentary session. APNU parliamentary leader Dr. Terrence Campbell stressed the constitutional importance of the Opposition Leader’s role, expressing hope for a swift resolution. Meanwhile, Mohamed’s swearing-in ceremony was marked by a display of defiance, as he pumped his fist at the government benches, which included Vice President Bharrat Jagdeo and Attorney General Anil Nandlall. Jagdeo later made a light-hearted remark about Mohamed’s ability to use parliamentary devices while facing extradition. Mohamed also revealed plans to nominate two individuals to replace APNU-backed Election Commissioners, though he withheld their identities. The WIN leader’s arrival in a Lamborghini, allegedly imported at a reduced declared price to evade taxes, further fueled controversy. Mohamed criticized the governing People’s Progressive Party Civic (PPPC) for appointing one of its members as Deputy Speaker instead of adhering to the convention of selecting an opposition member, accusing the PPPC of seeking a ‘one-state government’ and ‘full-blown dictatorship.’ APNU’s Campbell defended their decision not to support Sarabo-Halley, citing the PPPC’s majority as insurmountable.
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Brazilian miner killed by countryman at Sandhill Landing
In a tragic incident at Sandhill Landing along the Cuyuni River, a Brazilian gold miner was fatally stabbed by a fellow countryman, as confirmed by the Guyana Police Force on Sunday, November 2, 2025. The victim, identified as 34-year-old Francis Diago Alivera, succumbed to multiple stab wounds following an altercation that erupted around 1:45 AM. The suspect, a 24-year-old Brazilian national also employed as a gold miner in the area, allegedly armed himself with a knife during the dispute, inflicting severe injuries on Alivera. Police investigations revealed that the two men were acquainted and had been socializing earlier in the evening before the argument escalated. The suspect fled the scene immediately after the incident. Alivera was initially assisted by bystanders and transported to a nearby mining outpost for emergency medical care. He was later transferred to the Bartica Regional Hospital, where he ultimately died from his injuries. Authorities have recovered a knife believed to be the weapon used in the attack. The case underscores the volatile nature of mining communities and the urgent need for enhanced security measures in such areas.
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Badly decomposed body found on Corentyne seashore
Authorities in Guyana have launched an investigation following the grim discovery of a severely decomposed body on the Corentyne seashore. The remains were found on October 26, 2025, in a grassy area near No. 43 Village Seashore, Berbice. The Guyana Police Force reported that the body was stumbled upon by a 31-year-old fisherman from No. 35 Village, Corentyne, who was walking along the shore after his fishing boat became stranded due to low tide. While navigating a track leading to the public road, the fisherman detected a strong odor and subsequently uncovered the remains. Police promptly arrived at the scene, processed the area, and transported the body to the Port Mourant Public Hospital. Given the advanced state of decomposition, the cause of death remains undetermined. The remains have been placed in cold storage at Ramoo’s Funeral Home, awaiting identification and a post-mortem examination. The investigation is ongoing as authorities work to uncover the circumstances surrounding this tragic discovery.
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“Shut Pon Shoulder” killed – police
A tragic incident unfolded in Belvedere, Corentyne, Berbice, resulting in the death of 56-year-old labourer Imran Kadir, commonly known as ‘Shut Pon Shoulder.’ According to the Guyana Police Force, Kadir was found lifeless at his residence on Sunday, November 2, 2025. The incident reportedly occurred between Saturday, November 1, and Sunday, November 2, following an altercation with a 32-year-old carpenter from the same community. Both individuals were allegedly consuming alcohol at the time of the dispute. Authorities have since arrested the suspect, though details regarding the cause of death remain unclear. Police have not disclosed whether the victim was shot, stabbed, or otherwise assaulted, nor have they confirmed the presence of visible injuries. Investigations are ongoing as the community grapples with the shocking turn of events.
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Guyana rolls out another multi-million dollar solar farm
Guyana has taken a significant step forward in its renewable energy initiatives with the commissioning of a 5 megawatt peak (MWp) solar farm in Onderneeming, Essequibo Coast. The project, part of a broader utility-scale solar program, is expected to generate approximately 7,700 megawatt hours (MWh) annually, saving an estimated GY$447 million in fossil fuel costs and reducing carbon emissions by 6,000 tonnes each year. Prime Minister Mark Phillips emphasized the project’s importance during the commissioning ceremony, highlighting its role in boosting the region’s power capacity from 16 MW to 22.5 MW, thereby enhancing energy reliability for households, schools, health facilities, and businesses. The solar farm, developed at a cost of US$10.4 million, is financed through revenues from the Guyana–Norway partnership under the Low Carbon Development Strategy (LCDS). This initiative also includes the construction of a 3 MW solar farm in Charity, which, combined with the Onderneeming facility, will produce 12,300 MWh annually, meeting over 20% of the projected 2026 energy demand. The broader Guyana Utility-Scale Solar Photovoltaic (Guysol) program, valued at US$83.8 million, aims to deliver 33 MW of solar capacity and 34 MWh of battery storage across multiple regions. Additional projects in Berbice and Linden are underway, further solidifying Guyana’s commitment to sustainable energy development.
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Mohameds’ lawyer provides evidence to rubbish Datadin’s ‘no bail’ for persons awaiting extradition
A heated legal debate has erupted in Guyana over the granting of bail to individuals awaiting extradition, following the case of Azruddin and Nazar Mohamed, who are wanted in the United States for alleged financial crimes. Attorney-at-Law Siand Dhurjon, representing the Mohameds, has challenged the claims made by Attorney-at-Law Sanjeev Datadin, who argued that bail should not be granted to fugitives due to constitutional prohibitions. Mr. Dhurjon countered that the High Court, under the Fugitive Offenders Act, has the authority to grant bail, and cited Section 3(1)(b) of the Bail Act, which explicitly allows bail in extradition cases. The Mohameds were each granted GY$150,000 bail by Principal Magistrate Judy Latchman on Friday, pending the hearing of the US extradition request. Mr. Datadin referenced Article 139(i) of Guyana’s Constitution, which permits the loss of liberty in extradition proceedings, but Mr. Dhurjon pointed to precedents where bail was granted in similar cases, including Junior Da Silva’s extradition proceedings earlier this year. He also highlighted Section 15(2) of the Fugitive Offenders Act, which grants magistrates the power to remand or admit to bail in extradition cases. Attorney General Anil Nandlall emphasized that the next step is for the State to disclose the US-provided evidence to the defense lawyers, ensuring a fair hearing. The Mohameds, sanctioned by the US Treasury Department in June 2024 for alleged tax evasion on gold exports, are set to return to court on November 10, 2025. Mr. Nandlall dismissed claims of political motivation behind the case, asserting that the government has engaged Jamaican lawyers to ensure impartiality.
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Constitution prohibits bail to persons arrested for extradition- Lawyer Sanjeev Datadin
In a significant legal development, prominent Guyanese attorney Sanjeev Datadin emphasized that Guyana’s Constitution explicitly prohibits granting bail to individuals arrested for extradition purposes. Speaking on Saturday, Datadin highlighted Article 139(i) of the Constitution, which permits the deprivation of liberty in extradition proceedings, underscoring its alignment with judicial consistency. Datadin, who is set to assume his parliamentary seat for the governing People’s Progressive Party, criticized Principal Magistrate Judy Latchman’s decision to grant GY$150,000 bail to Azruddin Mohamed and his father, Nazar “Shell” Mohamed, as “most unusual.” The Mohameds were arrested based on a U.S. extradition warrant. Datadin argued that bail’s fundamental purpose—ensuring a defendant’s return to court—does not apply in extradition cases, as no criminal charges are being heard in Guyana. He also dismissed the defense’s claim of filing a constitutional challenge as irrelevant to the bail issue. Article 139(i) of Guyana’s Constitution explicitly authorizes the deprivation of liberty for extradition purposes, reinforcing Datadin’s stance. The Mohameds are scheduled to return to court on November 10, 2025, to address charges of wire fraud and mail fraud. Attorney General Anil Nandlall clarified that the next step involves disclosing U.S.-provided evidence to the defense, ensuring the magistrate’s satisfaction with the extradition request. Nandlall also refuted allegations of political motivation behind the case, emphasizing the involvement of Jamaican lawyers to ensure impartiality. The Mohameds were previously sanctioned by the U.S. Treasury Department in June 2024 for allegedly evading $50 million in taxes on gold exports.
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WIN will remain strong even if Azruddin Mohamed is extradited – party General Secretary
The We Invest in Nationhood (WIN) party remains steadfast in its strength and financial stability, even as its leader, Azruddin Mohamed, faces potential extradition to the United States on charges of fraud and money laundering. WIN General Secretary Odessa Primus expressed unwavering confidence in the party’s resilience during a statement on Friday. She emphasized that WIN boasts a roster of capable individuals who have effectively engaged with supporters, ensuring the party’s continued influence. While acknowledging Mohamed’s popularity as the party’s most gravitated figure, Primus dismissed concerns about WIN’s future viability. WIN, which emerged as Guyana’s major opposition party just three months after its formation, secured 16 of 65 parliamentary seats in the recent elections, surpassing the People’s National Congress Reform-led coalition. Primus labeled the U.S. grand jury indictment against Mohamed as politically motivated and assured that the party’s finances would remain unaffected by his potential extradition. She clarified that Mohamed’s legal battles would not impact WIN’s resources, stating, ‘They are going to extradite Azruddin Mohamed, not his money.’ Additionally, Primus ruled out the possibility of the opposition leadership being assumed by other parties, such as the 12-seat APNU or the one-seat Forward Guyana Movement. Meanwhile, APNU Chairman Aubrey Norton refrained from speculating on WIN’s future support base if Mohamed is extradited. Azruddin Mohamed and his father, Nazar ‘Shell’ Mohamed, were arrested on Friday following a U.S. extradition request tied to alleged wire fraud and money laundering linked to gold shipments and luxury car purchases. Both were granted bail and are set to return to court on November 10, 2025, for an extradition hearing.
