Govt. denies ‘disasters of oil industry unfolding in Guyana’
Mar 18, 2025 News
Businessman, Glenn Lall.Kaieteur News- The Ministry of Natural Resources on Monday responded to an article published by Kaieteur News in its Sunday edition, where the Publisher, Glenn Lall, shared the view that the ‘Disasters of the oil industry are unfolding in Guyana’.
Collapse of fishing industry
In a detailed, point-for-point response, the Ministry noted the statement by Lall that the fishing sector has collapsed as a result of oil production, with fishers struggling to catch enough to cover costs and the country being forced to import fish. According to the Ministry, Guyana’s fishing industry expanded by 1% in 2024. “While fish production faced minor contractions (-2.2%), marine shrimp production grew by 8.5%, and aquaculture production expanded by 13.7%, with brackish water shrimp production increasing by 19.1%,” according to the Ministry. Additionally, it said that the fishing industry is projected to grow 5.8% in 2025.