(The New York Times, 7.Apr.2020) — On a sprawling abandoned sugar estate by the coast of Guyana, the scale of the changes sweeping across the country is immediately visible. In just a few years, enormous warehouses and office buildings servicing international oil companies have sprung up amid the shrub land, […]
Tag: sugar
Petrobras Cuts Gasoline Prices By Near 10%
(Reuters, 12.Mar.2020) — Brazil’s state-controlled oil company Petrobras cut gasoline prices at refineries in the country by almost 10% on Thursday, the first cut since this week’s oil price collapse, a move that could boost sugar production and reduce ethanol output. The oil company, which has a near refining monopoly […]
How Will Guyana Deal With Its Oil Windfall?
(CNNMoney, Talib Visram, 4.Sep.2018) — The South American country with the smallest GDP is about to burst with oil. ExxonMobil found oil off Guyana’s coast in 2015, and believes the reserves are big. Conservative estimates project to about 4 billion barrels. Some experts think there’s more to be found in […]