AGP Executive Report

Sports & Infrastructure: Brian Lara and Shiv Chanderpaul headline the grand opening of the brand-new Anna Regina Stadium in Essequibo, with President Irfaan Ali and Culture Minister Charles Ramlson Jr. set to feature in the inaugural T20 match. Livestock & Rural Jobs: Guyana’s Black Belly Sheep Project has expanded from 1,000 sheep in 2022 to over 5,000 animals, supporting 450+ farmers and boosting incomes through improved genetics and crossbreeding. Regional Energy & Diplomacy: Guyana will launch Caribbean Energy Week 2027 on July 20 at the Guyana Marriott, positioning the country as a regional energy hub and spotlighting upstream, LNG and infrastructure priorities. Power & Cost Pressure: Opposition leader David Patterson warns a new two-year Karpowership extension could cost taxpayers about G$12.37B, arguing it signals further delays for the Wales Gas-to-Energy project. Mining & Policy: Parliament’s EITI seat for Natural Resources Minister Vickram Bharrat strengthens Guyana’s transparency push ahead of its 2026 EITI Validation. Land & Digitisation: President Ali says the Lands and Surveys Commission will be fully digitised under a four-year, $100M plan to speed up land administration for housing and agriculture. Aviation & Connectivity: Guyana’s Terminal 2 design at CJIA is now set to be a three-storey facility, with completion targeted before end-2028.

Gold Market Push: Omai Gold Mines says its Guyana resource estimate has nearly doubled to almost 8M ounces, but the stock still isn’t getting full market value on the TSX Venture Exchange. Uranium Concerns: The Amerindian People’s Association is calling for the Kurupung uranium project in Region 7 to be halted, citing weak consultation and lack of Free, Prior and Informed Consent. Livestock & Food Supply: Farmers are disputing GLDA over access to the Onverwagt abattoir, with claims that foreign cattle are being slaughtered and locals are locked out of facilities. Sugar Industry Works: GuySuCo has opened bids to extend the Cane Yard at Albion Estate, plus upgrades at Rose Hall and Blairmont Estates, as it prepares to spend its $13.4B budget allocation. Energy Efficiency Plan: Prime Minister Phillips received Guyana’s Demand Side Management Action Plan, targeting 516 GWh in savings by 2030. Land Administration Digitisation: President Ali says the Lands and Surveys Commission will be fully digitised over four years to speed up land services for housing, agriculture and mining. Regional Integration: Guyana and Barbados begin passport-free travel using digital ID cards, with airlines rolling out the system. Infrastructure for Communities: Local Government reconnected La Grange and Bagotville via a new pedestrian bridge, ending months of disruption. Public Services Complaint: A fresh letter alleges long daily delays at Republic and Citizens banks, adding pressure for faster customer service. Aviation Development: CJIA’s Terminal 2 design has been revised into a three-storey facility to improve passenger experience.

Oil & Public Finance: ExxonMobil Guyana says 2025 production expenses hit $82.2B, driven by the start-up of the ONE GUYANA FPSO, while the government has set aside $60B for the 2026 adult cash grant. Power & Energy Security: GPL says it’s ready for higher demand as drought-like conditions and hotter weather push usage up, with the gas-to-energy project expected to ease costs once operational. Electricity Contracting: Government officials say they are 99% close to a new Berbice powership arrangement to support grid stability amid Wales Gas-to-Energy delays. Land Administration Modernisation: President Ali announced plans to fully digitise the Guyana Lands and Surveys Commission over four years to speed up services for housing, mining and infrastructure. Agriculture Support: Rice farmers are set to receive cash subsidies next week after verification, with payments expected to cost about $3B. Livestock Sector: GLDA rejects claims of Onverwagt Abattoir closure, saying it remains operational and processed 112,000 kg of beef. Healthcare Upgrade: Guyana’s first MRI machine is being installed at GPHC to expand public access to advanced diagnostics. Community & Jobs: Over 20,000 Community Enhancement and National Pathway Workers get a $10,000 monthly raise, lifting stipends to $50,000. Youth Skills & Enterprise: YEST training launches its 6th cohort, with ministers pushing technical skills as the route to higher earnings. Regional Infrastructure Tension: Suriname has scrapped the joint Corentyne bridge plan, prompting President Ali to say the move was “news to me.” Public Safety: Police investigate a Clonbrook hit-and-run that killed two bikers, with a $200,000 reward offered.

UN Diplomacy Bid: Guyana’s UN Secretary-General hopeful Ambassador Carolyn Rodrigues-Birkett met EU heads of mission at the UN, pitching a results-focused, accountable agenda and highlighting her Guyana-to-UN leadership journey. Power & Industry: Minister Deodat Indar says Guyana is 99% through talks on a smaller third powership as demand rises and Wales Gas-to-Energy still isn’t feeding the grid; meanwhile, the gas-to-energy project is now targeting first gas-turbine power in December, with more units following into 2027. Energy Finance: ExxonMobil Guyana reported GY$1.71T gross revenue and GY$982.5B after-tax profit for 2025, crediting volume gains from the ONE GUYANA FPSO despite lower oil prices. Agriculture Cash Support: Rice farmers will start receiving subsidies next week—$15,000 per acre for 50 acres or less and $10,000 per acre above that—after GRDB verification, with the programme costing about $3B. Regional Relief: Guyana and CARICOM are mobilising aid for Venezuela after twin earthquakes, including a vessel and hundreds of containers of food, medical supplies and recovery items. Energy Outlook Debate: A new report notes offshore oil and gas expansion is largely absent from major ocean protection pledges, underscoring the tension between “blue economy” goals and continued drilling. Business Watch: A Massy Hub in Houston is set to open by 2028, but questions are raised about whether Guyana’s power reliability will be ready for a highly electricity-dependent logistics facility.

Gas-to-Energy Push: Minister Deodat Indar says Guyana’s Wales gas-to-energy project is on track for first power in December, with the first 57MW Siemens turbine expected to be operational then and the remaining units following to reach about 228MW, then 300MW after steam turbines. Power Reliability Pressure: A fresh commentary questions why GPL’s promised modernisation hasn’t stopped recurring outages, despite major energy spending. Rice Support: The Agriculture Ministry says rice farmers will start receiving cash subsidies next week—$15,000 per acre for 50 acres or less and $10,000 per acre for more than 50 acres—after registration and verification via the GRDB, with the programme costing about $3B. Education Infrastructure: Government plans to use part of a US$90M IDB loan to fund design and supervision for rehabilitation of primary schools in Region Nine, with climate resilience and energy/water efficiency standards. Mining & Processing Outlook: Omai Gold says metallurgical test work at its Guyana project supports gold recovery up to 95%, and future plant expansion could benefit from lower-cost “green” power like Amaila Falls hydro and the Wales LNG-linked gas-to-energy buildout. Regional Disaster Aid: CARICOM is preparing to send earthquake relief to Venezuela, with Guyana coordinating supplies for a vessel expected to sail July 3. Bilateral Energy Deal: The Dominican Republic has six months to begin exploration in Guyana’s Berbice onshore block, with field work expected before end-2026. Community Works: A new pedestrian bridge in La Grange–Bagotville (Region 3) was commissioned to restore safe daily access for residents.

Rice Support: Government will start paying rice farmers cash subsidies next week, with about GY$3B allocated; rates are $15,000 per acre for 50 acres or less and $10,000 per acre for larger farms, after GRDB verification. Energy & Power: GPL says it is on track to be ready for the Gas-to-Energy project off Wales, with the first gas turbine expected in December and grid upgrades already underway. Housing Push: President Ali unveiled a comprehensive social housing programme to cut Guyana’s housing backlog to zero within four years, targeting vulnerable and low-income groups. Oil & Gas Development: ExxonMobil has opened a public consultation for a Stabroek 35-well campaign (2028–2033), while the wider region watches Hormuz-linked energy stability. Mining & Community Tensions: Government confirms support for mining by outside tenure holders in Chinese Landing (Region 1), contradicting earlier assurances to villagers. Water Safety: PUC reports unsafe drinking water in Regions 4, 7 and 10, with failures on pH, turbidity and iron levels. Construction & Procurement: Home Affairs received 19 bids to rehabilitate the Secretariat building in Georgetown, estimated at $22.17M. Regional Deals: Guyana and Jamaica signed MOUs covering agriculture, defence/security, finance, housing and technology.

Guyana–Jamaica Deal Flow: Guyana and Jamaica signed multiple MoUs at State House covering agriculture, defence and security, finance, housing, technology and climate resilience, with a push to strengthen food and nutrition security and regional stability. Power Supply Watch: Government says it is 99% toward finalising a new Berbice powership deal, after tense negotiations over keeping electricity supply steady. Construction & Procurement: Home Affairs is set to spend about GY$22.2M to rehab the Secretariat building, with 19 bids received at NPTAB. Mining Output Upside: Omai reports first-phase metallurgical tests at Omai Gold reaching projected gold recovery of up to 95% at its Region Seven project. More Gold Plans: Canadian Aris Mining says adding Toroparu could lift annual output to 750,000 ounces, with a prefeasibility study expected soon. Water Safety Alarm: PUC’s report flags unsafe drinking water in Regions 4, 7 and 10, citing failures on pH, turbidity and iron levels. Oilfield Expansion: ExxonMobil has opened a public consultation for a Stabroek block campaign that could drill up to 35 wells from 2028–2033. Health Infrastructure: A GY$1.1B neurological centre is in the works, with contractor bids due July 9. Aviation Growth: JAGS Aviation commissioned two HAL 228 aircraft, positioning the fleet for rugged interior operations. Sports Sponsorship: Let’s Bet (GLC) unveiled as title sponsor for the One Guyana T10 Tapeball Blast.

Offshore Oil Expansion: ExxonMobil has launched a public consultation for a Stabroek Block plan that could drill up to 35 wells from 2028 to 2033, with work starting in Q2 2028 and running to Q4 2033. Water Safety Alert: The PUC reports unsafe drinking water in Regions 4, 7 and 10, with failures on pH, turbidity and iron levels in multiple communities. AI and Skills for Industry: President Irfaan Ali urged Caribbean accountants to embrace AI as a tool for policy and planning, not a replacement for judgement. Housing Push Across Borders: Guyana says it will build 300-plus homes in Jamaica under Hurricane Melissa recovery, while Jamaica’s PM points to Guyana’s faster approvals as a model. Energy and Power Security: Negotiations to secure Karpowership’s continued supply to GPL are said to be near completion, with a major public announcement expected soon. Construction and Standards: GNBS highlights how ready-mixed concrete should meet national standard requirements for safer, stronger foundations. Regional Cooperation: Guyana and Jamaica signed MoUs covering energy, finance, defence/security and agriculture, including an energy working group. Humanitarian Aid: Guyana is mobilising donations for Venezuela after twin earthquakes, with an 8,000-tonne vessel set to ship supplies.

Canada–CARICOM Partnership: Foreign ministers renewed the Canada-CARICOM Strategic Partnership in Panama, setting a new action plan on resilient economies, climate action and regional security. Guyana–Jamaica Housing & Construction: Jamaica’s PM Andrew Holness praised Guyana’s faster housing approvals and said both countries will collaborate on scaling housing, labour and construction tech as Guyana commits to building 300+ homes in Jamaica for Hurricane Melissa recovery. Building Expo Momentum: President Ali opened the 2026 International Building Exposition, pitching “strong foundations” and highlighting the scale of housing demand and private-sector partnerships. Water Safety Alert: PUC’s 2025 report flagged unsafe drinking water in Regions 4, 7 and 10, with communities failing WHO standards on pH, turbidity and iron. Mining Policy Flip in Chinese Landing: Government says it supports mining by valid tenure holders in Chinese Landing, contradicting earlier assurances to villagers and reigniting land-rights tensions. Explosives Market Probe: A new investigation questions how Guyana’s explosives supply chain is dominated by a single channel, as infrastructure and a national mining consortium ramp up. Education Tech: EduGoal Global shifted to a public-access model, offering low-cost AI learning support across Guyana. Energy & Power: Talks to renew Karpowership arrangements are said to be near completion to avert a coastal power shutdown. Venezuela Earthquake Aid: Guyana is mobilising an 8,000-tonne shipment of humanitarian supplies for Venezuela, with a donation drive running June 27–July 1.

Power & Energy Diplomacy: Guyana is said to be 99% through talks with Karpowership to avert a coastal power shutdown, with GPL expected to announce details soon. Regional Energy Cooperation: Guyana and Jamaica signed agreements covering energy, finance, defence and agriculture, including plans for an energy working group. Gas-to-Energy Progress: Engineers are preparing to introduce natural gas at the Wales Gas-to-Energy site, aiming to deliver electricity to the grid by December 2026. Housing & Construction Push: President Ali opened the 2026 International Building Expo with 500+ exhibitors, while Jamaica’s PM Holness praised Guyana’s faster land-title approvals and floated collaboration on housing, labour and construction technology. Tax Relief for Homebuyers: First-time homeowners can now deduct full mortgage interest on loans up to $30M from taxable income. Local Industry Investment: Massy Guyana broke ground on a US$75M Houston hub to boost logistics, warehousing and automotive services. Oil & Gas Watch: Guyana is awaiting more details from Ratio on the Kaieteur Block work programme, while Suriname’s Petronas is tipped for a Final Investment Decision on Block 52 this year. Public Safety & Justice: A teen’s death after a controversial police pursuit sparked violent protests, with an OPR probe underway.

Gas-to-Energy Progress: Guyana’s Gas-to-Energy project is now in a decisive push, with engineers preparing to introduce natural gas and deliver electricity to the national grid by December 2026, after earlier delays tied to soil conditions at Wales. Caribbean Energy Diplomacy: Guyana and Jamaica signed multiple MoUs and agreed to set up an energy working group, with leaders also discussing security, agriculture, tourism and financial services. Housing Push: President Irfaan Ali announced doubled mortgage interest tax relief for first-time homeowners, raising the ceiling to loans up to $30M, as the International Building Expo highlights a fast-growing construction pipeline. Construction & Infrastructure Deals: Ashoka Buildcon received a Letter of Acceptance for a four-lane highway project in Guyana valued at about US$35.42M, while Massy Guyana broke ground on a US$75M Houston hub aimed at boosting logistics and industrial capacity. Offshore Oil & Exploration: Geotechnical and seismic surveys began in Guyana’s Block S4 EEZ area to assess shallow-water resources, while Ratio Petroleum moved to expand its global portfolio via a £124.3M acquisition of Pharos Energy. Regional Aid & Resilience: Guyana offered condolences and assistance to earthquake-hit Venezuela, and CVG and MIDMEIB set up collection centres in Bolivar to support affected families.

Guyana–Jamaica Deal-Making: President Ali and PM Andrew Holness signed several MOUs to deepen cooperation across agriculture, financial services, energy, security, technology, education, government efficiency, housing and more, with teams to follow up on technical integration. Housing Push: Ali announced doubled mortgage interest tax relief for first-time homeowners under Section 28, raising the ceiling to loans up to $30M and framing it as part of a plan to cut the housing backlog to zero in four years. Oil & Exploration Watch: Government says CGG has started seismic and geotechnical surveys in Block S4 to test shallow-water potential, while Ratio Petroleum moves to buy Pharos Energy in a £124M deal and faces deadlines over its Guyana work programme. Power & Infrastructure: GPL reports storm restoration work after outages, but also warns of skilled-worker drain to oil and gas as system losses rose to 25.43% in 2025. Safety & Construction: The “Putting Safety First” campaign ramps up with nationwide outreach targeting construction sites. Regional Humanitarian Response: Ali offered condolences and assistance to earthquake-hit Venezuela. Business & Logistics: Massy broke ground on the US$75M Massy Hub at Houston, a 190,000 sq ft distribution and automotive operations centre due in 2028.

Energy Outlook: JPMorgan cut its second-half 2026 Brent forecast, citing weaker demand and lower OECD inventory draws, now projecting $86/bbl in Q3 and $80 in Q4, with 2026 ending around $78—plus a warning that oversupply may force production curtailments into early 2027. Power & Grid Resilience: GPL says it’s mobilised emergency teams to restore electricity after Wednesday’s storm knocked out poles and disrupted service across Essequibo and parts of Demerara, while a PUC report flags rising system losses (25.43% in 2025) partly driven by skilled workers leaving for the oil sector. Housing & Construction: President Ali outlined a social housing strategy targeting vulnerable groups and low-to-medium income earners, while Jamaica’s PM Holness discussed possible collaboration on housing development, including labour and construction technologies. Uranium Oversight: Former EPA head Dr. Vincent Adams warned Guyana lacks the regulatory and technical readiness to safely oversee uranium mining as U92 Energy advances the Kurupung project. Regional Ties & Relief: President Ali offered condolences and assistance to Venezuela after twin earthquakes, as relief needs grow across the Caribbean. Business Development: Massy Guyana broke ground on a US$75M Houston hub to consolidate distribution and automotive operations, aiming for completion in 2028.

Energy & Power Infrastructure: GPL has broken ground on a new 69kV substation at Colombia, East Bank Demerara, as part of its grid modernisation push to boost reliability and handle growing demand. Construction & Roads Enforcement: Public Works Minister Bishop Juan Edghill met contractors in Region 4, warning of stricter enforcement against trucks exceeding the 15-tonne axle limit after road damage from overloading. Labour & Logistics Dispute: Transportation services tied to the US$2B Wales Gas-to-Energy project were terminated after protests over unpaid wages, escalating tensions around contractor Lindsayca Guyana. Education & Procurement: Twenty-one firms bid to design and supervise six new IDB-funded primary schools across multiple regions, targeting communities where children currently travel long distances. Weather Disruption: Heavy rain and strong winds damaged roofs and schools, including parts of Anna Regina stadium and schools in Anna Regina and Region Two, with repairs and assessments underway. Sovereignty & Business: Guyana’s private sector groups condemned Suriname’s map misrepresentation of the New River Triangle at SEOGS 2026 and called for a boycott of future events until it stops. Mining & Uranium Oversight: APNU urged the government to improve public disclosure and national debate around a Canadian firm’s Kurupung uranium project in Region Seven. Corporate & Finance: GAWU Credit Union approved member distributions at its 31st AGM after a clean audit, including a dividend and interest rebate for 2023.

Suriname Map Row: Guyana’s private sector is calling for a boycott after the New River Triangle was shown as Surinamese territory at SEOGS 2026, with GOGEC, GCCI and the PSC condemning the move as disrespect for Guyana’s sovereignty. Education Infrastructure: 21 firms bid to design and supervise six new IDB-funded primary schools across Regions 1, 2, 4, 5, 6 and 10, targeting communities where children currently travel long distances for classes. Gold Project Deal: A Canadian court has granted final approval for G Mining Ventures to consolidate with G2 Goldfields in Guyana, with closing expected in July 2026. Uranium Debate: APNU urges the government to better inform the public on the Kurupung uranium project, arguing Guyana must be ready to regulate extraction and manage risks. Power & Health: GPL improved reliability but still missed its own outage targets in 2025, while a new CT scanner is set for installation at GPHC to boost faster diagnostics. Mining Energy Shift: Aurora Gold Mine’s off-grid solar and battery system now supplies about half its power needs, cutting diesel use in remote operations. Oil Market Watch: JP Morgan cut its 2H 2026 Brent forecast, citing weaker demand and inventory draw dynamics—raising questions for fuel planning.

Sovereignty Clash in Energy Talks: Guyana’s business groups are condemning Suriname’s SEOGS 2026 for displaying a map showing the New River Triangle as Suriname territory, with GCCI and GOGEC joining the PSC in calling for respect for Guyana’s borders. Gas-to-Energy Scrutiny: Opposition Leader Azruddin Mohamed is demanding a full probe into alleged labour and tax law breaches by GTE contractor Lindsayca at the Wales NGL and gas-fired power project. Local Content Push: A Trinidadian energy strategist says Guyana must avoid secrecy in oil and gas, arguing key GTE licences and cost-recovery documents should be public like petroleum agreements. Flood Relief Pressure: Region 10 flood victims in Kwakwani and nearby communities say relief has been slow, after weeks of torrential rain disrupted commerce and agriculture. Health & Infrastructure: A new CT scanner is set for Georgetown Public Hospital, and GPL reported improved reliability in 2025 but still missed targets. Education for Industry: UG’s Accountancy degree gains ACCA accreditation via a new MoU, easing the path to professional exemptions. Regional Investment Signals: ECLAC reports Guyana attracted about 5% of Caribbean/South America FDI in 2025, while President Ali says more non-oil investor delegations are coming.