http://www.guyanapress.com/ind...st-oil-refinery-soon
Look how much Jagdeo did for Guyana....
and aya na want pay eee De Millions in Pension eee want.
Aya realy Ungrateful......
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Former Member
Guyana could have its first oil refinery soon
Published on January 27, 2012 with No Comments
Guyanese could be paying significantly less for fuel in the near future with the establishment of an oil refinery, the first of its kind in the South American country.
A Guyanese born private investor is currently in the country meeting with stakeholders to finalise funding, site location, preparation, and documentation. If negotiations are successful, the refinery could be assembled and become operational in as little as 12 months.
The investor told Business Guyana that the refinery would have the capacity to produce 100,000 to 200,000 barrels per day. More than 5,000 new jobs directly related to the industry would be created.
The establishment of the refinery, the investor noted, is not dependent on an imminent discovery of oil in Guyana. A large volume of oil is already being produced in the region which provides a need for such a facility, he said.
Oil and gas exploration companies Repsol and CGX Energy are scheduled to begin drilling operations off Guyana’s coast shortly at locations believed to contain massive deposits of oil.
Chairman of Guyana’s Private Sector Commission, Ramesh Dookhoo, told Business Guyana during a recent interview that a local refinery was critical if fuel prices were to be significantly reduced. Exceptionally high fuel cost in Guyana has been a major impediment to the growth and development of the manufacturing industry in particular.
Dookhoo had pointed out that without a refinery in Guyana, even if oil is discovered it would still have to be exported, refined, and imported as usable fuel. While the overall cost to consumers would be less than what currently obtains, a refinery in Guyana would provide for significant cost reductions, he said.
Guyana has also received a proposal from Prime Energy LLC- Caribbean, a US based petroleum company to construct the first ever oil refinery in the country which officials say will create initial employment opportunities for approximately 100 persons.
President of the company Jerry Brooks had explained that the interest to establish a refinery in Guyana was stimulated by the fact that several countries around the world are looking to 20,000 barrels a day refineries for their countries given the high cost incurred to transport crude oil to the US for refining.
Former Member
Oil refinery key to determining energy cost in Guyana
Published on January 09, 2012 with No Comments
The establishment of an oil refinery in Guyana will be a key factor in determining the price for fuel in the South American country if oil is discovered.
This is the view of Chairman of Guyana’s Private Sector Commission (PSC), Ramesh Dookhoo, who told Business Guyana on Friday that while the discovery of oil will see increased revenues for the country, the ability to refine the product locally will further provide for significantly lower energy cost.
“We use the final products of crude oil in Guyana…we have a huge electricity bill. Unless there is a refinery here, that oil would have to be shipped out of Guyana then returned to us as refined fuel for use in our cars and generators,” he pointed out.
However, he stressed that a reduction in cost should be seen, even without a local refinery, although this, as well as the establishment of alternative energy sources, would play a major role in driving the current cost down significantly.
“There should be further reductions by us developing our non-traditional sources of energy like wind and hydropower. The high cost of energy has always been an impediment to our manufacturing industry and this has taken the cost up over the years, making us uncompetitive in the Caribbean and other markets,” he said.
Canadian-based oil and gas exploration company CGX announced last week that its Ocean Saratoga semi-submersible drilling rig departed the Gulf of Mexico and is now enroute to Guyana to begin drilling the Company’s Eagle-1 well. It is anticipated that the Ocean Saratoga will arrive on location around the end of January.
Former Member
U.S. oil exploration company mulls prospects of franchise operations
September 17, 2011 By admin
A US-based oil exploration company is the latest entity to be brainstorming the prospects of a franchise operation in Guyana’s territory. Anadarko Petroleum Corporation, an independent oil and gas company in the United States of America, is considered the world’s largest independent oil and gas exploration and production company.
Noel Dennison, head of the petroleum division of the Guyana Geology and Mines Commission (GGMC), accompanied officials of Anadarko to a meeting with President Bharrat Jagdeo at his State House residence on Thursday, September 8.
Vice President of Anadarko Petroleum Corporation, Ian Cooling, seen meeting President Bharrat Jagdeo in the presence of GGMC’s Petroleum Division head, Noel Dennison
Vice president of business development of Anadarko, Ian J Cooling, who led the delegation, later told the Government Information Agency (GINA) that the company’s interest in Guyana stemmed from its research on the country’s offshore area. “We like areas like what we are seeing, (and) the sort of potential we think is here. It’s pretty much underexplored right now,” Cooling said in an invited comment.
Anadarko is presently conducting a geological assessment of the region; and given what has been observed thus far, Cooling said, it fits the environment in which the company has always shown interest.
“We look for frontier areas; we look for deep waters… we think the government of Guyana needs to bring some people in that are technically capable and financially capable to do some work. We’re hoping we’re going to be selected to do that,” Cooling said. While their optimism is high, company officials have acknowledged that they have a long way to go before achieving succes, beginning with years of preparatory work.
The Guyana offshore area is considered the second most attractive under-explored basin in the world, with a potential of 15.2 billion barrels of oil. And were a discovery to be made, the target would be estimated at 50 million barrels per year, which would be equivalent to 140,000 barrels per day.
Last November, Tullow Oil, a London-based company, had indicated to President Jagdeo its readiness by April this year to drill for oil in the Jaguar Well through a joint venture with REPSOL, a leading international oil exploration company out of Spain.
President Jagdeo is of the view that the discovery of oil would lead to an explosion of immediate and auxiliary services to the oil and gas industry, but he assured that Guyana’s path along a low carbon course would not be compromised. In April, Prime Energy LLC-Caribbean, a United States-based petroleum company, had proposed to construct the first ever oil refinery in Guyana, and officials had said it would create opportunities for employment for approximately 100 persons.
Company president Jerry Brooks had explained that the interest to establish a refinery in Guyana was stimulated by the fact that several countries around the world are looking to refineries that produce 20,000 barrels a day for their countries, given the high cost incurred to transport crude oil to the U.S. for refining.
Former Member
doan forget the "post-Panamax" deep water harbor that was "being built" with a completion date of LAST YEAR . . .
dem jagdeoite con men eyes prappa pass ordinary Guyanese . . . smh
Former Member
what they plan to do plant more coconut trees bar--rat yard is big to produce a few barrels
Former Member
what they plan to do plant more coconut trees bar--rat yard is big to produce a few barrels
Former Member
Realistically, I don't see how Guyana could go from 0 to 100% operational in 12 months. The nation have no experience in that industry and it took over 12 months to get the sugar plant running at 50%.
however, on the surface the business model seems credible. Besides, the US has built no new capacities for over 15 years and doing so will take long given environmentalist objections.
Former Member
Originally Posted by baseman:
Realistically, I don't see how Guyana could go from 0 to 100% operational in 12 months. The nation have no experience in that industry and it took over 12 months to get the sugar plant running at 50%.
however, on the surface the business model seems credible. Besides, the US has built no new capacities for over 15 years and doing so will take long given environmentalist objections.
just bullshiting the guyanese
Former Member
Originally Posted by warrior:
Originally Posted by baseman:
Realistically, I don't see how Guyana could go from 0 to 100% operational in 12 months. The nation have no experience in that industry and it took over 12 months to get the sugar plant running at 50%.
however, on the surface the business model seems credible. Besides, the US has built no new capacities for over 15 years and doing so will take long given environmentalist objections.
just bullshiting the guyanese
50% BS. I believe the business model have credibility. I doubt the ability to build from scratch and have it operational in 12 months
Former Member
I read a report awhile back and it stated that to build a refinery with the capacity they are speaking of above will cost about 3 billion and over 5 years to build. It will also only employ 600 people. They Hyperion project the Sierra club is trying to kill will cost 10 billion and employ only 1800 when it comes on line. I am inclined to believe the guys above would have had to cut serious corners with respect to environmental safety, redundancies, in fail safe mechanisms to make it for 75 million!
I hope Guyanese are employed to build this refinery and not a bunch of Chinese coming to Guyana to put their mouth where the soup drops.
Former Member
Originally Posted by Danyael:
I read a report awhile back and it stated that to build a refinery with the capacity they are speaking of above will cost about 3 billion and over 5 years to build. It will also only employ 600 people. They Hyperion project the Sierra club is trying to kill will cost 10 billion and employ only 1800 when it comes on line. I am inclined to believe the guys above would have had to cut serious corners with respect to environmental safety, redundancies, in fail safe mechanisms to make it for 75 million!
It depends on the BPD, 3 bil sounds high for what they are saying. In my travels I saw very big and fairly small refineries. In anycase, a refinery is a stand-alone commercial enterprise and will produce a high-demand output. 5 years sound long, I guess you reference the USA which will require an expansive environmental impact study taking 3 years.
Former Member
Originally Posted by baseman:
Realistically, I don't see how Guyana could go from 0 to 100% operational in 12 months. The nation have no experience in that industry and it took over 12 months to get the sugar plant running at 50%.
however, on the surface the business model seems credible. Besides, the US has built no new capacities for over 15 years and doing so will take long given environmentalist objections.
Baseman ......it is called lieing to the Guyanese who u expect to vote for you.
Our Neighbor.... Brazil is currently Building 2 Oil Refineries.
Baseman now....yuh beginning to lie more than them bhai.....
In 2004 it was announced that the Guyana was moving to modernize its sugar industry to cushion the impact of the African, Caribbean and Pacific ACP countries on the world market. (the ACP agreement was something positive for Guyana sugar Industry ....and was put in place by Burnham & the PNC )
As part of a strategic plan to reduce costs and improve productivity, the Guyana Sugar Corporation (Now Totally Under Jagdeo & Ramotar Control) .....and the China National Technology Import and Export Corporation (CNTIC) signed contracts on June 22, 2004 in Beijing.[3]
As a result of the $110 million agreement which was partly funded by the World Bank, International Monetary Fund and the Exim Bank of China, a new factory was built, which included the Skeldon Sugar cogeneration plant, a distillery and a refinery to be constructed.
Baseman ......if you want to be Honest....or if you had any shame left....the Question to ask.....
is .......(1)how can Jagdeo & Ramotar....... decide to Close Down and Scrap a fully working and Producing Sugar Factory......and replace it with something that cannot produce half as much as the one they replace....
is .......(2)how can Jagdeo & Ramotar....... can sign a contract for US$110 which Cost the Country over US$200.
is .......(3)how can Jagdeo & Ramotar....... make these shady agreements that end up costing the Country Billions of US Dollars thru Corruption, Squander-mania, Mismanagement, Thiefing, Loss of Production, Loss of Productivity, Loss of Sales, Loss of Revenue....and Loss of Market.
Baseman...In any other country the President and his entire Board would have been forced to resign for these mistakes and losses...
But in Guyana Jagdeo & Ramotar above the Law..(As per Burnham Constitution)
Baseman in the Sugar Industry .....Guyana has all the Experience anyone can ask for.....
But Unfortunately Two thiefman place themselves at the Top.....and they are the ones responsible for the Failure in the Sugar Industry and in the whole country.
And we have a Jackass as Attorney General....who can only get up and tell the nation.......
"Burnham Constitution Protecting Jagdeo & Ramotar.....
and yuh cant touch them"
Former Member
Originally Posted by Jalil:
Originally Posted by baseman:
Realistically, I don't see how Guyana could go from 0 to 100% operational in 12 months. The nation have no experience in that industry and it took over 12 months to get the sugar plant running at 50%.
however, on the surface the business model seems credible. Besides, the US has built no new capacities for over 15 years and doing so will take long given environmentalist objections.
Baseman ......it is called lieing to the Guyanese who u expect to vote for you.
Our Neighbor.... Brazil is currently Building 2 Oil Refineries.
Baseman now....yuh beginning to lie more than them bhai.....
In 2004 it was announced that the Guyana was moving to modernize its sugar industry to cushion the impact of the African, Caribbean and Pacific ACP countries on the world market. (the ACP agreement was something positive for Guyana sugar Industry ....and was put in place by Burnham & the PNC )
As part of a strategic plan to reduce costs and improve productivity, the Guyana Sugar Corporation (Now Totally Under Jagdeo & Ramotar Control) .....and the China National Technology Import and Export Corporation (CNTIC) signed contracts on June 22, 2004 in Beijing.[3]
As a result of the $110 million agreement which was partly funded by the World Bank, International Monetary Fund and the Exim Bank of China, a new factory was built, which included the Skeldon Sugar cogeneration plant, a distillery and a refinery to be constructed.
Baseman ......if you want to be Honest....or if you had any shame left....the Question to ask.....
is .......(1)how can Jagdeo & Ramotar....... decide to Close Down and Scrap a fully working and Producing Sugar Factory......and replace it with something that cannot produce half as much as the one they replace....
is .......(2)how can Jagdeo & Ramotar....... can sign a contract for US$110 which Cost the Country over US$200.
is .......(3)how can Jagdeo & Ramotar....... make these shady agreements that end up costing the Country Billions of US Dollars thru Corruption, Squander-mania, Mismanagement, Thiefing, Loss of Production, Loss of Productivity, Loss of Sales, Loss of Revenue....and Loss of Market.
Baseman...In any other country the President and his entire Board would have been forced to resign for these mistakes and losses...
But in Guyana Jagdeo & Ramotar above the Law..(As per Burnham Constitution)
Baseman in the Sugar Industry .....Guyana has all the Experience anyone can ask for.....
But Unfortunately Two thiefman place themselves at the Top.....and they are the ones responsible for the Failure in the Sugar Industry and in the whole country.
And we have a Jackass as Attorney General....who can only get up and tell the nation.......
"Burnham Constitution Protecting Jagdeo & Ramotar.....
and yuh cant touch them"
Nah bai, they are not lying, just overly optimistic. But then again, the PPP always defy the laws of gravity, I mean that flap-top project was an astounding success.
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