Guyana riding a wave of oil wealth; Suriname and Namibia could follow

  • Guyana's GDP soared c62% in 2022, with a projected c38% expansion in 2023, fuelled by its burgeoning oil sector

  • However, Venezuela has criticised Guyana's offshore oil bidding process, citing disputed maritime territories

  • Namibia and Suriname are also on the brink of an oil boom – potential reserves of 11bn and 6.5bn barrels, respectively
September 22nd, 2023
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