Guyana chaos a warning sign
Electoral uncertainty is highlighting the dangers for new companies hoping to invest in the country’s offshore resources
Guyana’s recent election was supposed to determine the political direction of Latin America’s newest oil producer. Instead the election has morphed into mayhem. A week on from the 2 March poll and a winner has yet to be officially declared. Incumbent President David Granger, head of the Partnership for National Unity (APNU/AFC) coalition, and opposition candidate Irfaan Ali, leader of the People’s Progressive Party (PPP), have both declared victory. On 5 March, the country’s electoral body (GECOM) released results that pointed to a narrow Granger win. But international observers, including the EU, released a statement soon after saying the count in Guyana’s Region 4—the most populous region
Also in this section
13 September 2024
The Ukraine–Russia gas transit and interconnection agreements are due to expire at the end of this year, but despite some uncertainty, Europe seems well-prepared
12 September 2024
The oil alliance must navigate the good, the bad and the ugly in its showdown with the market at the beginning of December
12 September 2024
The transition to oil evokes revolution and renaissance
11 September 2024
But the young nation may have to go through a fallow period before that project comes online as the Bayu-Undan field nears exhaustion