The former British colony of Guyana, one of South America’s poorest nations, is undergoing a major economic transformation driven by a massive oil boom. ExxonMobil’s 2015 discovery of crude oil has been a game-changer for a deeply impoverished Guyana that was severely impacted by the COVID-19 pandemic.
The U.S. energy supermajor, after making a slew of quality oil discoveries, is investing heavily in offshore Guyana commencing petroleum production during 2019 from the Stabroek Block. That has been a boon for the former British colony’s…Guyana’s Oil Boom Has Been Amazing For Its Economy
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