Shell Western Supply and Trading Limited will buy Guyana’s first 3 lifts of crude oil.The announcement came from the Department of Energy (DE), which also revealed that Phase 1 of its two-step crude marketing process is close to completion. The agency had previously announced a two-phased approach to lifting and marketing of Guyana’s crude, and […]
Open Data FY2020 Cover Letter & File
Dear Sitting Chair Mr. Munroe: The objective of the GYEITI seeks to offer the Guyanese people factual and comprehensible information about the extractive sector in Guyana and the financial flows between the extractive industries and the GoG, in order to facilitate an informed debate about the extractive sector value chain in Guyana. And this objective […]
EITI Board Lifts Guyana’s Suspension
The Board lifted Guyana’s suspension In accordance with the EITI Standard, Guyana’s suspension is lifted following the publication of their 2020 EITI Report. Decision number 2023-30 Decision basis EITI Articles of Association 2016-2019, Article 12 30 June 2023 Board decision The EITI Board temporarily suspended Guyana on 1 February 2023 for failing to publish its […]
Gov’t makes second withdrawal this year from the Natural Resource Fund (DPI)
Senior Finance Minister Dr. Ashni Singh has announced that the Government has made its second drawdown this year from the Natural Resource Fund in accordance with the Natural Resource Fund (NRF) Act 2021. The Minister indicated that pursuant to Section 16 of the NRF Act 2021, a further US$200 million equivalent to G$41.6 billion has […]