economy

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Residents Line Up to Purchase Sugar in World’s Fastest Growing Oil Economy

Reminiscent of the dark days of the Burnham dictatorship era, the streets of Guyana are once again seeing Guyanese lining up for foodstuff – this time, only sugar – but it’s still defined as “food shortage.” It is not clear what exactly is causing the shortage of sugar as the CEO of GUYSUCO boasts that GUYSUCO is exceeding its sugar production projects, but sugar shortage has become an all too real thing in Guyana.

Suriname Estimated to Have Over 30 Billion Barrels of Unexplored Oil Reserves (Redirected)

Not too long ago, Guyana, with its miniscule population, was cheering its massive oil discoveries which to date have amounted to more than 11 billion oil equivalent barrels. Guyana, right after the Middle Eastern Oil Giant Kuwait, now boasts the second highest proven oil reserves per capita. But recent discoveries in the tiny Dutch speaking country of Suriname may see it leaving Guyana trailing behind in its dust.