It is business as usual in Guyana.
The global business community is turning a blind eye to Maduro’s political antics. On the one hand, Maduro cannot feed its people. He is offering them food coupons because of a shortage of basic food.
Meanwhile, the economy is booming in Guyana, and an economic miracle is happening. World business leaders can differentiate between Maduro, the dictator of Venezuela, and Guyana, a democratically elected government. They all support Guyana’s economic plan and want to be part of the booming economic progress.
The global business entities are eager to finalize their deal with Guyana’s public and private sectors. Many business leaders visit Guyana weekly, looking for business and investment opportunities in Guyana. The public and private sectors discuss and finalize new deals with foreign investors weekly.
The Guyana government and the private sector welcome new business opportunities from the United Arab Emirates, European Union, China, India, USA, Canada, Nigeria, Ghana, Saudi Arabia, and Qatar.
The Government and the people of Guyana greatly appreciate Exxon Mobil’s support of Guyana.
Alistair Routledge, President of ExxonMobil (Guyana), affirms that amidst Venezuela’s threats to businesses in Guyana, they are not going anywhere. This statement is an excellent boast for Guyanese morale and peace of mind in Guyana.
In the face of Venezuela’s aggressive stance on the Essequibo region, ExxonMobil, the global oil giant, has asserted its commitment to continuing operations in Guyana. Emphasizing their dedication to responsible resource development in line with the agreement with the Guyanese government, ExxonMobil conveyed a steadfast stance in a brief statement on Monday.
In a recent CNBC interview, ExxonMobil’s Chairman and CEO, Mr. Darren Woods, highlighted that Guyana is not isolated in this controversy. He underscored international support for Guyana and the engagement with the International Court of Justice (ICJ) to resolve the dispute through the proper channels. Woods expressed optimism about broader international backing for a fair resolution.
Despite Venezuela’s heightened aggression following a controversial referendum, which prompted an ICJ directive to refrain from altering the status quo, President Maduro declared a victory in favor of the Bolivarian state’s claims to the resource-rich Essequibo region, comprising two-thirds of Guyana’s territory.
When questioned about ExxonMobil’s position, Mr. Darren Woods reiterated their commitment to fulfilling contractual obligations and developing resources economically and environmentally responsibly.
Vice-President Dr. Bharrat Jagdeo emphasized Guyana’s right to pursue development across its territory and affirmed that the nation’s economic progress would not be halted.
Dr. Jagdeo dismissed the notion of succumbing to external tactics, stating that the government remains focused on its mandate to improve the lives of all Guyanese.
Furthermore, Dr. Jagdeo underscored that despite external challenges, the government’s attention remains firmly fixed on the economy.
The 2023 IMF report highlighted Guyana’s remarkable real GDP growth, reaching 62.3% in 2022, positioning it as the world leader.
Since the initiation of oil extraction at the end of 2019, Guyana’s economy has tripled. Projections estimate a substantial real GDP growth of 38.4% in the current year, with an additional 26.6% growth anticipated in 2024.
Finally, in Guyana, it is business as usual. Nicolas Maduro will fail miserably in his attempt to disrupt Guyana’s economic development.