Guyana political stalemate drags on

Fledgling oil producer Guyana's political stalemate is dragging on amid slow progress in a closely watched recount of votes from a disputed 2 March parliamentary election.

The electoral outcome is critical to the country's future oil policy, six months after ExxonMobil kicked off deepwater production on the Stabroek block.

Only around 18pc of votes have been recounted in nine days so far, with a 25-day estimate for the full process.

A result will be known "by the middle to late June, if all goes well with the recount," an official of the country's elections commission told Argus.

The controversy deepened this week when the government attacked the head of the Organization of American States (OAS) election observer mission, former Jamaican prime minister Bruce Golding, as being "partisan with unquestionable links" to the main opposition PPP party.

Golding told a 13 May meeting of the OAS permanent council he had "never seen a more transparent effort to alter the results of an election."

Golding "appears to have now become an unabashed co-conspirator of the PPP seeking to defy the will of the Guyanese people," government spokesman Joseph Harmon countered.

The Atlanta-based Carter Center's observer mission, whose return to the country was thwarted by the government last week, must reapply for permission to enter, and will have to observe the country's anti-virus protocols" that could include a 14-day quarantine, Harmon said.

The US would consider a range of sanctions if the vote were not transparent, US ambassador to Guyana Sara-Ann Lynch said this week. The measure could include individual visa restrictions and financial measures.

"We are hopeful though that we don't have to go down that road" as the elections commission moves forward with the recount, she told a local radio station.

For the US, there is pressure to show balance with neighboring Venezuela, where a May 2018 election widely deemed as fraudulent led to extensive sanctions and a shift in recognition from President Nicolas Maduro to opposition leader Juan Guaido. Most Western countries have followed suit. Venezuela and Guyana have a longstanding territorial dispute that is germane to oil development.

Guyana's elections commission had earlier declared that the ruling coalition led by president David Granger's PNC party had won the election. But the PPP denounced the vote as rigged, while international observers also expressed concern for the integrity of the process.

The ruling coalition has rejected the PPP's pledge to review all licenses signed after ExxonMobil's contract, potentially impacting fellow US major Chevron and European firms Total, Repsol, Eni and Tullow.

ExxonMobil was producing 77,500 b/d of crude in early May, 37.6pc higher than January output, according to the country's energy department that forecasts 120,000 b/d by early June.

By Canute James

News No: 9499
Date: 2020/05/15 - 18:43
News Source: Argus Media

oil producer  parliamentary  energy  ExxonMobil  PNC 


Leave a Comment:


Energy Ministry considering incentive packages to manage electricity consumption

Iranian Energy Minister said on Wednesday that his ministry is considering new incentive packages for low-consuming households and industrial electricity subscribers, IRIB reported.

Energy Ministry calls on govt. bodies to reduce power consumption

Spokesman of Iran’s electricity sector said that government organizations and agencies account for nearly 4,000 megawatts (MW) of the country’s electricity consumption and they need to reduce this figure by at least 10 percent.

Industrial sector's power consumption exceeds 5GW

Electricity consumption by Iran’s industrial sector broke the current Iranian calendar month’s (started on May 21) previous record to reach 5,153 megawatts (5.0153 GW) on Friday, IRNA reported.

37b cubic meters of water stored behind Iranian dams: IWRM

Nearly 37 billion cubic meters of water is stored behind the dams across Iran, indicating that 71 percent of the capacity of the country’s dams is full, a report by Iran Water Resources Management (IWRM) said.

No water outage, rationing on agenda despite high consumption

Mohammad-Reza Bakhtiari, the managing director of Tehran Province Water and Wastewater Company, has said no water outage or rationing is on the agenda despite the 25-percent increase in the capital city’s water consumption in the Q1 of the current Iranian calendar year (March 20-June 20), IRIB reported.

Without govt. support private power plants at risk of shutting down

In recent years, due to the government funding constraints and financial pressures, Iranian private companies have taken on the mantle of developing the country’s power plants including both large-scale thermal plants and small-scale renewable ones.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners