Guyana’s deadlock chills the investment climate
A worsening political crisis risks slowing the pace of oil sector growth in the small Latin American nation
Any hope that Guyana’s recent election would settle the country’s broiling political turmoil always looked optimistic. And so it has proved. Four months on from the poll, neither of the two main parties has conceded defeat and the impasse threatens to stall Guyana’s nascent oil sector. The election result has been dogged by accusations of voting irregularity, court injunctions and a national ballot recount. Incumbent president David Granger initially declared victory before the recount pointed to a win for opposition leader Irfaan Ali. The country’s electoral commission has yet to officially announce a result. The controversy follows a 2018 vote of no-confidence in the Granger administration
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised