Guyana’s extractive sector has been significantly contributing to its economy. In 2019 alone, it was able to generate $68.3 billion (GYD) – more than two-folds compared to 2018’s $27.6 billion earnings. The extractive sector’s 2019 contribution accounts for 19.42% of the country’s total GDP and these earnings cuts across to other facets of the economyRead more
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Guided by its National Development Initiative, the Government of Guyana has cemented its action plan to achieve sustainable development in the country. With its oil and gas industry taking the lead, Guyana will ensure that these opportunities are translated into holistic progress that benefits the nation, especially the Guyanese people. The emphasis on development isRead more
It all started in 2015 at the Stabroek block on the coast of Guyana when ExxonMobil and Hess Corp discovered oil resources. And, from then on, Guyana’s path toward becoming a power player in the oil and gas industry has been secured. There have been several successful discoveries to date, and this has opened doorsRead more
Guyana has become one of the investment hotspots in the world, all thanks to the immense breakthroughs in the gas and oil explorations in the country. With these developments and the Guyanese government’s commitment to providing a conducive environment for businesses to prosper, it is no surprise that both local and international investors are flockingRead more
Among the priorities of the Guyanese government is implementing massive infrastructure projects all over the country to aid in the development of other key industries such as oil and gas, agriculture, and mining, among others. With multiple infrastructure activities happening across the nation, the challenge that contractors face is the availability and sourcing of equipmentRead more
Excel Logistics & Management Services is pleased to announce it now offers factory-direct access to over 3,000 essential products to support Guyana’s booming economy. As a locally registered Guyanese company, Excel has exclusive rights to sell and distribute aggregates, equipment, machinery, and replacement parts for Guyana’s fastest growing industry segments: Oil & Gas Industry AgriculturalRead more
On top of being a future powerhouse in the oil industry, Guyana has a lot of prospects in other sectors that complement its fast-paced development. The Guyanese government is at the forefront of this momentous undertaking, thus increasing the confidence level among local and international investors to start their business in the country. Agriculture OpportunitiesRead more