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.
Having wasted money on a hotel and a sugar factory that Guyana doesn't need does the PPP insist that taxpayer's fund a refinery? The output will be way above Guyana's meager demand, so who will purchase its output. Refineries are being shit down globally so it does appear as if there is a glut. Given how vertically integrated this industry is there will be few buyers for output from a state owned refinery.
This should be a private entity where they can take the risk. If private investors see too much risk then why should the gov't venture into activities that they don't understand, wasting billions as they do so?