Guyana’s Blessing and Curse
The tiny nation has discovered the world’s largest per capita oil reserves. What does the bonanza mean for its future?
In 2015, ExxonMobil struck liquid gold when it discovered eleven million barrels of oil off the coast of Guyana in a deposit called the Stabroek Block. Now Guyana is set to take in as much as $7.5 billion in oil revenue by 2040 — a staggering figure for a country whose GDP in 2014 was a mere […]
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