Latest update March 22nd, 2025 6:44 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Guyana begins producing oil with ‘bad habits’

Dec 20, 2019 News

…look at how we handled mining & forestry—Dr. Mangal

By Gary Eleazar

The former Petroleum Advisor to the President, Dr. Jan Mangal, believes that Guyana is beginning on its path as an oil producing nation with some ‘bad habits,’ with regards its regulatory practices.
Dr. Mangal made this comment in a recent interview with Kaieteur News recently—ahead of first oil.
The petroleum expert in seeking to elucidate his position said, “Look at how we handled gold mining and forestry?”
According to the former petroleum advisor to the President, the challenges that have manifested in the industry illustrate “that our regulatory environment has not worked, for decades.”
The Guyana Geology and Mines Commission (GGMC) is tasked with regulating the new extractive industry but according to Dr. Mangal, “GGMC, I view it as a den of corruption.”
Qualifying his position on Guyana’s bad habits Dr. Mangal noted,”If we have decades of this stuff going on, the bodies there that are responsible are obviously not working.”
Drawing reference to imminent first oil and the country’s regulatory capacity, Dr. Mangal said, “That is what we have to start with and then we want to regulate oil.”
He was adamant that there needs to be an overall revamping of the agency in order to fix the existing problems, something “that we should have been doing since 2015 (when oil was first discovered).”
Dr. Mangal was adamant if the deficiencies are not corrected, “oil will shoot past us like that; all the money will end up in Exxon’s pocket and in the pockets of the elite and the corrupt.”
GGMC is currently facing an administrative probe reportedly ordered by President David Granger into alleged corrupt practices at the agency.

 

Similar Articles

The Glenn Lall Show|| March, 17th, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

St. Lucia’s Elite Blazers takes aim at FIBA 3×3 World Tour in Edmonton

St. Lucia’s Elite Blazers takes aim at FIBA 3×3 World Tour in...

Mar 22, 2025

…but must first conquer the One Guyana 3×3 Quest Kaieteur Sports-  For Caribbean teams, qualifying for the FIBA 3×3 World Tour is a dream come true. However, the opportunity to...
Read More
Petra/Milo U18 Football kicks off Round II action today

Petra/Milo U18 Football kicks off Round II action...

Mar 22, 2025

Track and Field clubs demand nullification of AAG elections

Track and Field clubs demand nullification of AAG...

Mar 22, 2025

Joint Statement from WIPA and CWI on Athlete Safeguarding

Joint Statement from WIPA and CWI on Athlete...

Mar 22, 2025

RCNA launches Childhood Obesity Prevention Inter-School Tapeball Competition

RCNA launches Childhood Obesity Prevention...

Mar 22, 2025

FL Sport donates stumps to Meten-Meer-Zorg Cricket Club

FL Sport donates stumps to Meten-Meer-Zorg...

Mar 22, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]