Was for gold. Now its for oil. Guyana is fast becoming a petrostate, the Fastest Growing economy in the world. But new wealth has stoked old tensions. Neighbouring socialist venezuela claims a vast chunk of guyanese territory. The stakes are suddenly very high. We shall Never Surrender an inch of our territory. Heavily forested guyana has always been a carbon sink. Now, with the oil and gas flowing, some call it a carbon bomb. Fragile ecosystems are vulnerable to possible oil spills and rising sea levels. Guyana is making choices which will have global impact. Will they be wise ones . Its republic day in georgetown, guyanas capital. Party time for the countrys 800,000 people. The ministry of Natural Resources is on the road. I want to hear you make some noise. The stage is set here for transformational change, a resource driven economic boom that will spread unprecedented wealth through the generations. In past decades, guyanas dominant commodity was gold, found deep in the forested in
spills and rising sea levels. guyana is making choices which will have global impact. will they be wise ones? it s republic day in georgetown, guyana s capital. party time for the country s 800,000 people. the ministry of natural resources is on the road. i want to hear you make some noise. the stage is set here for transformational change, a resource driven economic boom that will spread unprecedented wealth through the generations. in past decades, guyana s dominant commodity was gold, found deep in the forested interior. to get to the gold mines, you need to take a pretty rough and ready track. it gives you some idea how remote these mines are. i mean, the truth is that there are gold deposits all around here, but finding them is one thing. you ve then got to clear away the forest. you ve got to dig a track to make them accessible. frankly, digging for gold around here is a pretty difficult operation. the alphonso family own a dozen mining concessions. they dig for treasur
KOTA KINABALU: State-owned SMJ Energy (SMJESB) has signed a second deal to take a stake of up to 20% in an offshore oil exploration area in northern Sabah.