Guyana Grants ExxonMobil an Operating and Environmental license

Authorities in Guyana have officially granted ExxonMobil an Operating license following the recent acquisition of an environmental license from the Guyana Environmental Protection Agency (EPA).

ExxonMobil announced a commitment to begin Phase One of the Liza Development Project at an estimated cost of US$4.4bn. Oil extraction is expected to begin in 2020 with a potential extraction rate of 100,000 to 120,000 barrels of oil per day.

Link: http://www.kaieteurnewsonline.com/2017/06/17/exxon-announces-us4-4b-investment-after-guyana-grants-licences/

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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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