Home World Guyana’s president: Are new oil discoveries a curse? | Oil and Gas

Guyana’s president: Are new oil discoveries a curse? | Oil and Gas

by flimflex100

From: Talk to Al Jazeera

President Irfaan Ali discusses if green economies are unfair to Guyana’s oil explorations and development plans.

Guyana is a former British colony located between Brazil, Venezuela and Suriname.

The country is rich in biodiversity – as well as minerals. And in the last decade, some 11 billion barrels of oil have been found – which is the most significant discovery of its kind in recent years.

But as the world is moving towards greener economies, is it fair for countries like Guyana – struggling to overcome poverty and attract foreign investment – not to benefit from its newly-found riches?

Guyanese President Irfaan Ali talks to Al Jazeera.

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