Episode
July 30, 2018

Will Guyana's oil boom benefit the people?

Profits from massive oil reserves could potentially transform the country or lead to bigger problems.
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Oil companies have identified massive offshore reserves in Guyana, one of South America's poorest nations. New estimates last week report that more than 4 billion barrels of oil could be extracted from a region known as the Stabroek block, where ExxonMobil expects to start pumping crude from in 2020. The country is poised to become a major energy supplier, but not everyone is optimistic about the potential for oil revenue to benefit Guyanese citizens. So what can Guyana do to avoid becoming another poor, yet resource-rich nation? We'll discuss at 19:30 GMT.

On this episode of The Stream, we speak with:

Christopher Ram
Lawyer and newspaper columnist 
chrisram.net

Jan Mangal
Former petroleum advisor, President David A. Granger
linkedin.com

Lisa Sachs @CCSI_Columbia
Director, Columbia Center on Sustainable Investment 
ccsi.columbia.edu

Imran Khan  @imrankhangy
Press Secretary, Prime Minister Moses Nagamootoo
dpi.gov.gy

Read more:
Eureka! Giant Oil Find Set to Bring Guyana Startling Riches—Maybe - The Wall Street Journal
Guyana, one of South America’s poorest countries, struck oil. Will it go boom or bust?  - The Conversation

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