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- W4313198622 abstract "Multinational oil corporations have found massive amounts of oil and gas in Guyana, one of the poorest countries in the Americas. Guyana is poised to be the new petro-state if revenues from these minerals are used wisely and skillfully. The country is, however, unprepared to deal with the complexities and challenges of managing oil companies and new-found wealth. The oil giants have cowed the inexperienced Guyana oil team in signing away the country to multinational corporations. The government settled and signed for less, giving the oil giants generous concessions. The fluctuation of oil prices per barrel, the impact of COVID-19, as well as ongoing corruption, ethnic tensions, political polarization, and ambition infra-structural projects have cast doubts on Guyana's ability to manage the oil and gas industry effectively. Guyana is expected to lose US$55 billion from the one-sided signed contracts with oil giants and risk repeating the mistake of the resource curse experienced by many developing countries." @default.
- W4313198622 created "2023-01-06" @default.
- W4313198622 creator A5051631640 @default.
- W4313198622 date "2022-03-01" @default.
- W4313198622 modified "2023-10-17" @default.
- W4313198622 title "Managing Guyana's Newfound Oil and Gas Wealth: Controversy and Challenge" @default.
- W4313198622 doi "https://doi.org/10.1353/crb.2022.0000" @default.
- W4313198622 hasPublicationYear "2022" @default.
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