Guyana in talks with several countries on oil exploration


“We have been toying with a number of options,” said Ali. — Reuters

PORT OF SPAIN: Guyana is in talks with Qatar, the United Kingdom, the United Arab Emirates and India on the possibility of directly allocating offshore blocks for oil and gas exploration in parallel with a bidding round this year, President Irfaan Ali says.

South America’s newest crude producer has emerged as the world’s fastest-growing oil region, with more than 11 billion barrels of oil and gas discovered.

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Guyana , O&G , exploration , blocks , bids

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