Quote:Why would anything change for the better. It is a fundamentally corrupt 3rd world culture. None will change that culture...money is power and whoever wins will govern accordingly and keep the population poor...just look around and see what improvements other oil rich 3rd world countries have accomplished over the past few decades - absolutely nothing and this will be no different in Guyana

Quote:The Guyana Elections Commission (GECOM) says there are 661,378 registered voters, all of whom are eligible to cast their ballots at 2,339 polling stations across the country.

Final election results are not expected before Friday, although the commission is allowed 15 days to do so.

Eleven parties are contesting the elections but polls suggest he elections appear to be a straight fight between 74-year-old David Granger's A Partnership for National Unity+Alliance For Change and the People's Progressive Party whose presidential candidate is 39-year-old Irfaan Ali.

Quote:The small Caribbean country of Guyana is on the brink of becoming one of the largest oil-producing nations in the world thanks to the 2015 discovery of major offshore oil deposits.

The revenue is expected to generate an estimated US$168 billion over the life of the project until 2056, representing 120 times Guyana’s annual budget, which in 2019 stood at US$1.4 billion.

By 2024 the amount of money coming in could lift income per person from US$5,000 to US$19,000, nearly the same as in Poland. All the wealth promised for impoverished Guyana hopes of tremendous economic growth in the years ahead. The International Monetary Fund forecasts an 85.6 percent GDP growth in the small nation.

By 2030 the government’s share of earnings from oil could reach US$10 billion in real terms, more than double last year’s GDP.

Quote:United States oil company ExxonMobil announced Friday the start of crude production off the coast of Guyana, where the company has made a number of major discoveries in recent years.

Exxon reported that production is scheduled to reach 120,000 barrels per day in the coming months, however, it expects to increase production to over 750,000 barrels per day by 2025. Guyana is a major focus in the company's area of operation, and development is scheduled to make the South American nation the world's newest substantial oil producer.