Billy Ram Balgobin posted:Gilbakka posted:Oil refinery will be an albatross around Guyana's neck. It's costs will eat up whatever oil and gas revenues Guyana gets from ExxonMobil. Abandon the idea.
Padna, like you just learned something from this report? Seems like Guyana will remain the land of the rice, bauxite, and sugar as Terry Gajraj says.
Yuh leff out plantain, cussava, guava and banana.
Seriously, Guyana is yet to get its first payment for oil and gas from ExxonMobil. When that time comes, and when it could be calculated what yearly income to expect and what long-term income too, and when they subtract US$5billion from that revenue, they would be in a better position to decide on investing in refinery. Now too early.