(Al Jazeera English, 30.Jul.2018) – Oil companies have identified massive offshore reserves in Guyana, one of South America’s poorest nations. New estimates last week report that more than 4 billion barrels of oil could be extracted from a region known as the Stabroek block, where ExxonMobil expects to start pumping crude from in 2020. The country is poised to become a major energy supplier, but not everyone is optimistic about the potential for oil revenue to benefit Guyanese citizens. So what can Guyana do to avoid becoming another poor, yet resource-rich nation?
On this episode of The Stream, we speak with:
— Christopher Ram
Lawyer and newspaper columnist
chrisram.net
— Jan Mangal
Former petroleum advisor, President David A. Granger
linkedin.com
— Lisa Sachs @CCSI_Columbia
Director, Columbia Center on Sustainable Investment
ccsi.columbia.edu
— Imran Khan @imrankhangy
Press Secretary, Prime Minister Moses Nagamootoo
dpi.gov.gy
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