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Month: February 2020

China extends its reach into Guyana

The Rupununi savannah of southern Guyana is one of the most biodiverse regions of South America, home to jaguars, Harpy eagles and the world’s largest ants. It is also one of the most remote. British writer Evelyn Waugh set the final scenes of his 1932 novel A Handful of Dust in the Guyanese grasslands when he […]
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Hydroelectric project price questionable

Hydroelectric plants have been in existence for several decades. It has long been recognised that while they are expensive to build the long-term benefits are worth the expenditure. The concept is largely simple; a dam is built to trap water, usually in a valley where there is an existing lake and the water is allowed […]
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Hyundai Rotem bags Rs 1,800-cr order from L&T Hyderabad Metro

Hyundai Rotem Company of Korea has bagged the Rs 1,800-crore rolling stock order from L& T Metro Rail (Hyderabad) Ltd. This is a consortium partner of Bharat Earth Movers Ltd, which supplied to Delhi Metro. Others in the fray include Canadian firm Bombardier, Spanish conglomerate CAF and Chinese firm CSR-Zhuzhou Electric Locomotive Company. For more […]
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Aramco acquires 17% of South Korean Hyundai Oilbank

Saudi Arabian Oil Company (Saudi Aramco) has completed, through its subsidiary Aramco Overseas Company B.V. (AOC), the acquisition of 17% of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately US$1.2 Billion. The completion follows receipt of all necessary regulatory consents and approvals. For More details click here
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The $20 Billion Question for Guyana

GEORGETOWN, Guyana — Guyana is a vast, watery wilderness with only three paved highways. There are a few dirt roads between villages that sit on stilts along rivers snaking through the rain forest. Children in remote areas go to school in dugout canoes, and play naked in the muggy heat. For More click here 
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In the spring of 1959, at a secretive meeting at a yacht club in Cairo, Venezuela’s then-minister of mines and hydrocarbons, Juan Pablo Pérez Alfonso, hatched a plan to give big oil-producing countries more control over their black gold — and a greater share of the wealth it promised to create. A year later, his […]
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New Oil Finds Could Mean a Tripling of Guyana’s GDP

And those numbers are just from one company—ExxonMobil. Others such as Total and Tullow Oil are actively engaged in the country as well­—the latter announced positive results from offshore wells 14,000 feet deep in August. Tullow’s investments may reap up to 200 million barrels in recoverable reserves, though concerns remain about commercial viability given  For […]
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