AGP Executive Report

Power & Negotiations: Karpowership warns it may suspend operations unless Guyana agrees to new commercial terms; government says talks are ongoing and outages are not due to lack of power generation, while GPL also confirms a $30,000 annual electricity subsidy for pensioners will show on June bills. Oil Revenue Share: Guyana remains on a 12.5% profits take from Stabroek while ExxonMobil and partners take 87.5%, as the operator pushes ahead with additional projects that could keep the “cost bank” repayment timeline stretched. Local Business & Finance Lawmaking: Parliament reconvenes June 5 with a push for bills aimed at small-business support, including a proposed Guyana Development Bank to expand affordable lending, plus updates to victim protection laws. Trade & Investment Ties: Guyana and the U.S. discuss expanding private-sector engagement and commercial investment, while Qualfon meets GO-Invest on maintaining operations and diversifying in Guyana’s BPO sector. Energy Policy & Consumer Protection: Government launches a national consultation on harmful social media use by children, with plans for stronger online safeguards. Public Services: Passport offices will open Saturdays in June to clear backlog of overdue collections. Crime & Public Safety: Police hunt a lone suspect after a 7-year-old was killed and his great-grandmother stabbed in Zeelugt; separately, two wanted men in an AK-47 firearms probe surrender to police. Infrastructure & Growth: Construction starts on a US$5M tug and barge for G Mining’s Oko West gold project in Region Seven.

Debt & Oil Markets: Nigeria is weighing refinancing costly legacy debt and raising new development funding as investor sentiment improves with higher crude prices tied to Middle East tensions. Power Contract Watch: Guyana’s government says it’s negotiating the “best possible” renewal terms with Karpowership after the previous deal expired, while the company presses for higher standardized rates and warns of disconnections. Cost-of-Living Support: GPL says the annual $30,000 electricity subsidy for pensioners will appear as a credit on June bills (or in prepaid wallets). Local Industry & Logistics: Construction has started on a US$5M tug and barge for Canadian gold firm G Mining Ventures to support the Oko West project in Region Seven. Trade & Investment Diplomacy: Guyana and the U.S. are discussing expanded private-sector engagement and commercial ties, with meetings in Washington covering energy and economic cooperation. Forced-Labour Tariffs: The U.S. proposes Section 301 tariffs tied to forced-labour findings, with Guyana listed among affected economies. Health & Tech: SS Innovations says it completed the world’s longest-distance robotic telesurgery, linking Georgetown Public Hospital Corporation with India. Governance & Social Policy: Government launches targeted field operations to speed up the $100,000 cash grant for vulnerable groups, including hinterland regions. Energy Supply Outlook: South America’s oil export boom is lifting shipments as buyers seek crude not dependent on the Strait of Hormuz.

Oil & Gas Growth: Guyana is expected to exceed one million barrels of oil per day by year-end as the government pushes local businesses to position for the next phase of the sector’s expansion. Local Content: Finance Minister Ashni Singh and Labour Minister Keoma Griffith stressed that local content success must be measured by real opportunities and lives transformed, while the Local Content Secretariat reviews in-country capacity ahead of possible amendments. Local Governance & Security Spending: The Home Affairs Ministry plans about $215M to rebuild the Grove Police Station, with dozens of contractors bidding. Trade & Tariffs Shock: The U.S. proposes Section 301 tariffs on imports from 60 economies over forced-labour enforcement failures, with Guyana listed among the affected countries—raising the risk of higher costs across supply chains. Regional Mobility & Immigration: A lawyer warns CARICOM full membership could pressure Bermuda’s immigration rules via treaty commitments on free movement. CARICOM/Legal Institutions: A CCJ judge lamented that most CARICOM states still don’t use the court as their final appellate option. Tech & Health Innovation: SS Innovations says it completed the world’s longest-distance robotic telesurgery, linking Guyana and India via fiber. Sports & Youth: ExxonMobil Guyana-backed Future Warriors Tapeball crowned West Ruimveldt Primary as Demerara zone champions; Caribbean Week in New York also spotlighted tourism and connectivity.

US Forced-Labour Tariffs: The U.S. Trade Representative has proposed Section 301 duties of 10% to 12.5% on imports from 60 economies, naming Guyana among 54 countries found to have failed to effectively enforce forced-labour import prohibitions—public comments are being sought ahead of a July 7 hearing. Local Content Push: At Guyana’s Local Content Summit, Finance Minister Ashni Singh urged local suppliers to prepare for expanding opportunities as oil output targets one million barrels per day by year-end, while Labour Minister Keoma Griffith said local content success must be measured by lives transformed, not just contract values. Digital Government: Government is accelerating digital transformation with e-ID, FastPay, and integrated services to make it easier for citizens and businesses to access and pay for government services. Education & Skills: The GTEC flagged 70 unrecognised tertiary institutions, warning the public to verify accreditation before enrolling. Energy & Environment: A study links small-scale gold mining in Guyana to long-term damage to Amazon dung beetle communities, with recovery taking decades. Public Safety: Home Affairs is set to rebuild the $215M Grove Police Station, with dozens of contractors bidding.

Extradition Politics: PNCR leader Aubrey Norton says WIN’s Azruddin Mohamed entered politics to avoid US extradition over alleged gold and tax crimes, as extradition proceedings await a CCJ decision. Public Safety & Accountability: A former deputy police commissioner, Dr. Paul Williams, warns the Guyana Police Force is failing due to leadership and competence gaps, not just new laws. Arson Probe: Investigators say the Water Street fire was deliberately set, using CCTV-linked findings to trace an arson attempt inside the Demerara Shipping compound. Energy Costs Pressure: Government officials are reportedly silent as Karpowership demands an extra US$3.4M daily to keep supplying power, amid rising blackout concerns. Local Economy & Infrastructure: President Irfaan Ali announced a US$6M Puruni River bridge for Region 7, plus other Bartica outreach projects. Oil Sector Moves: Sispro says its women-led consortium has partnered with Nigeria’s Bono Energy and is ready to sign a PSA soon; meanwhile, Cybele Energy risks losing its block over a delayed US$17M signing bonus. Child Online Protection: Nandlall says national consultations are underway to regulate social media impacts on children. Banking Expansion: Citi received approval to open a representative office in Georgetown. Trade & Tariffs Watch: The US proposes Section 301 tariffs up to 12.5% on 60 economies, including Guyana, over forced-labour enforcement failures.

Power Negotiations: Government officials remain silent as Karpowership reportedly demands an extra US$3.4M daily to keep supplying 36MW, pushing rates up to match the second vessel’s higher price. Oil & Gas (Local Deals): Sispro, a women-led Guyanese consortium, says it has partnered with Nigeria’s Bono Energy and is ready to sign a PSA with the state within days. Oil & Gas (Risk of Losing Block): Ghana-based Cybele Energy is at risk of losing its shallow-water offshore concession after failing to pay a US$17M signing bonus, with about US$4M in accrued interest. Mining (Project Spotlight): Canadian G Mining Ventures’ Oko West Gold project in Region 7 is featured as a “next big thing,” with construction progress and first gold targeted for late 2027. Aviation Infrastructure: Three firms bid for CJIA’s air traffic control tower, including two Chinese joint ventures and a Guyanese JV, with bids ranging from GY$3.9B to about US$89M. Education & Local Capacity: 13 bids received for a CPCE Centre in Region 2, aimed at training teachers in remote communities. Finance & Banking: Citi gets approval to open a representative office in Georgetown to deepen access to products and partnerships. Energy Transition (Fisheries): Canada-backed STAR-Fish ramps up clean-energy interventions for Caribbean fisheries, including renewable power and cold-chain upgrades. Business & Growth Policy: Local Content law is highlighted as driving spillover growth beyond oil into agriculture, housing, transport and healthcare. Public Safety: A Blairmont fire killed a wheelchair-bound woman; authorities are investigating the cause. Diaspora Finance: President Ali announces a new diaspora bond to fund public infrastructure projects, expected within a week.

Flood-Control Value for Money: Opposition MP Duncan says after $240B GYD pumped into Drainage and Irrigation, residents are still getting hit by repeated flooding in Region 4, renewing calls for accountability and better delivery. Interior Outreach Under Fire: Opposition Leader Azruddin Mohamed brands the Cabinet’s Region 7 tour “photo ops,” arguing structural fixes—not taxpayer-funded optics—are what riverain communities need. Oil & Gas Pipeline Moves: ExxonMobil filed for environmental approval to develop the Haimara gas discovery offshore Guyana, with a proposed super-sized FPSO and links to other Stabroek gas resources. Power Supply Risks: GPL says it’s pursuing cost recovery after damaged transmission lines and a utility pole disrupted electricity service in Demerara. Aviation & Trade Links: Guyana’s aviation authority investigates a Cessna crash in the interior; meanwhile, LIAT and Air Caraïbes expand connectivity via an interline agreement. Business & Finance: Citi received approval to open a representative office in Georgetown, signaling deeper financial-market access for investors. Creative Economy: Stakeholders welcome planned consultations to strengthen Guyana’s copyright and intellectual property framework. Regional Tourism Push: Caribbean Week in New York gathers ministers and industry leaders, with Guyana among attendees. Public Safety Tragedies: A wheelchair-bound woman died in a Blairmont fire; a former boxer Howard Eastman was jailed for ganja possession.

Oil & Markets: Gold stayed steady in May, holding near US$4,500/oz despite global tensions, while commentary flags how Guyana’s oil boom is raising pressure to spread benefits beyond crude. Energy & Power Reliability: GPL says it will pursue cost recovery after damaged transmission lines and a separate pole incident disrupted electricity in Demerara. Aviation & Safety: Guyana’s aviation authority is investigating a CESSNA crash in the interior; separate reports also raise renewed questions about Domestic Airways’ regulatory status and safety record. Business & Finance: Citi received approval to open a representative office in Georgetown, aiming to serve international investors and expand access for local firms. Investment & Trade: GO-Invest and BritCham held a strategic roundtable in London to connect UK businesses with Guyana opportunities; the French ambassador pointed to trade potential but blamed limited connectivity and port constraints. Creative Economy: Stakeholders welcomed proposed consultations to strengthen Guyana’s copyright and intellectual property framework to support the Orange Economy. Education & Credentials: GTEC warned the public about 70 unrecognised tertiary institutions and urged verification before accepting qualifications. Environment & Conservation: Iwokrama signed a multi-year conservation pact with Beharry Holdings to support biodiversity monitoring and related programmes. Sports & Tourism: Tourism Guyana Titans begin a cricket tour of Tobago, using sport to market Guyana; corporate support continues for the One Guyana T10 Tapeball Blast.

Power & Infrastructure: GPL says it will pursue legal action to recover repair costs after an excavator damaged its Demerara transmission line, following a separate recent truck incident that also hit GPL equipment. Education & Compliance: Ghana’s GTEC warns the public about 70 unrecognised tertiary institutions, urging due diligence on certificates. Energy Security: Uncertainty continues around powership supply for GPL, with officials reportedly silent on whether a new agreement is in place to prevent blackouts. Flooding & Roads: APNU MP Sherod Duncan flags severe flooding and road submersion on the Rupununi corridor, calling for practical drainage and roadbed upgrades. Mining & Environment: EPA is reviewing the EIA for Mako Mining’s Eagle Mountain Gold Project, while separate reporting highlights JV deals that could shift control of large gold land areas. Finance: Citizens Bank Guyana reports $1.34B profit after tax for the first six months of FY2026, citing loan growth and improved earnings. Business & Investment: Hinterland residents are set to access soft loans and business support via the planned Guyana Development Bank. Aviation Safety: Concerns are growing over Domestic Airways’ regulatory status after a small plane crash in Guyana’s interior.

Caribbean Week in New York: Tourism ministers and commissioners from across the region, including Guyana, are set to gather in Manhattan for Caribbean Week 2026, aiming to strengthen economic resilience and market share. Aviation Safety & Oversight: Concerns are growing over Domestic Airways’ safety record and regulatory status, with questions raised about missing certification and compliance with Guyana Civil Aviation Authority requirements after another reported incident. Energy & Power Supply: Reports say Guyana is under pressure from Turkish powership operators after a charter expiry, with officials scrambling to negotiate to avoid power disruptions. Gas-to-Energy Progress: ExxonMobil Guyana has started a three-month inspection of the GTE subsea pipeline, with vessels operating near the pipeline corridor and mariners urged to keep clear. Mining & Environment: The EPA is reviewing the EIA for Mako Mining’s Eagle Mountain Gold Project after its 2024 takeover, as the project targets long-term open-pit production. Gold Land Deals: New JV arrangements linked to the Alphonso family are said to have enabled foreign firms to control over 600 sq km of gold-bearing lands in Region Seven. Trade & Regional Links: Guyana–Brazil trade reportedly hit the US$1B mark in 2026, driven by energy, mining, infrastructure and construction demand. Banking Performance: Citizens Bank Guyana posted $1.34B profit after tax for the first six months of 2026, with net loans and advances rising to $71.8B. Business & Community: Finance Minister Ashni Singh urged local firms to expand beyond Guyana into regional and international markets. Local Disruptions: Fires gutted a Demerara Shipping workshop on Water Street and damaged businesses on Lombard Street, while a police corporal was seriously injured in a Hague Road traffic accident.

Energy & Power Crisis: Turkish powership Karpowership is reportedly “holding Guyana at ransom,” with officials seeking emergency contract extensions after the original charter expired May 21, raising fears of higher rates and possible disconnection. Oil & Gas Operations: ExxonMobil Guyana has started a three-month inspection of the Gas-to-Energy subsea pipeline, with vessels operating along a defined corridor from late May to mid-August. Business & Finance: Citi received Bank of Guyana approval to open a representative office in Georgetown, aiming to deepen support for infrastructure and export financing. Trade & Regional Growth: Guyana–Brazil trade hit the US$1B mark in 2026, up from about US$58M in 2020, driven by energy, mining, construction and infrastructure links. Private Sector Leadership: Capt. Gerald Gouveia Jr. and Kathy Smith were re-elected to lead the Private Sector Commission for 2026–2027. Governance & Services: Government is seeking design and supervision services for Guyana’s first Law School, while also planning upgrades to the Kara Kara Landfill and road rehabilitation at Mahdia. Aviation Safety: Hinterland airstrip users are urged to avoid runway hazards after rocks were found on the Lethem runway. Sports & Culture: ExxonMobil GSL launched the “Super We” campaign, tying cricket to Guyana’s cultural identity as the tournament gears up.

Oil & Growth Outlook: Reuters reports Guyana could gain a bigger oil bonanza as the Iran conflict reshapes global energy markets, with output rising to 900,000+ bpd and GDP surging since 2019. Private Sector Push: Finance Minister Ashni Singh urged Guyanese firms to expand beyond the domestic market, while PSC re-elected leadership and stressed customer service to meet international standards. Tourism & Travel Demand: CJIA handled 48,500 arrivals and processed 56,000+ passengers for the Diamond Jubilee “Homecoming,” with airline seating capacity up 6% in 2026. Business & Finance: Citi received Bank of Guyana approval to open a representative office in Georgetown to connect local clients with global markets. Youth & Sports Pipeline: President Ali launched “Cricket in the Streets,” and ExxonMobil’s Future Warriors Tapeball tournaments continue building grassroots talent. Security & Social Issues: A 19-year-old was shot by police in Sophia (condition stable); GDF reported another soldier injured in Cuyuni River border fire; police destroyed a 3-acre marijuana farm at Kimbia.

EKAA HRIM Labour Fallout: Opposition Leader Azruddin Mohamed says stranded Indian quarry workers were repatriated after alleged state and employer failures, including poor food and safety lapses, while the Labour Ministry says disputes were resolved. Diamond Jubilee Travel Surge: CJIA processed about 48,500 arrivals as Guyana welcomed over 56,000 passengers for the 60th Independence “Homecoming,” with international capacity up despite global headwinds. Regional Security & Finance: Guyana operationalised a CFATF MOU to speed up targeted financial sanctions information-sharing on terrorism and proliferation financing. CARICOM Cuba Rift: Guyana and T&T reserved positions on a CARICOM anti-sanctions Cuba statement, underscoring widening regional splits. Transport & Cost Pressure: Opposition MPs renewed calls for dialogue with public transport operators over fare hikes, while critics target GTE delays as households keep paying the price. Tourism Push: Fort Island is set for upgrades to attract private investment and eco-lodges after Jubilee crowds highlighted demand. Sports Development: ExxonMobil Guyana launched the 4th Future Warriors Tapeball Tournament, and Beharry unveiled a nationwide U19 school cricket tournament. Identity & Travel Tech: Guyana and Barbados agreed to accept national ID cards for cross-border travel from July 1.

Anti-Money Laundering Push: Guyana signed and operationalised a CFATF multilateral MOU for targeted financial sanctions, with AG Anil Nandlall saying the goal is faster, secure information-sharing to tackle terrorism financing and proliferation. EITI Risk: Guyana faces possible temporary EITI suspension if it can’t show “substantial progress” on 21 corrective actions after a May 15 validation review. Oil Spill Insurance Standoff: As FPSOs expand capacity, Guyana remains tied to a US$600M oil-spill insurance cap, with an added US$2B affiliate guarantee still in place after court battles. Regional Integration: Barbados and Guyana will accept national ID cards for cross-border travel from July 1, cutting the need for biometric passports. Security & Justice: Police issued wanted bulletins for three men linked to a Berbice AK-47 cache; a taxi driver was remanded after being charged. Infrastructure Accountability: Opposition MP Sherod Duncan questioned Kwakwani Trail conditions despite major road budget allocations. Tech & Identity: SecureAuth launched an AI agent identity control platform, while MotionAnalytics showcased motion-based biometric identification. Politics: Opposition figures renewed talk of coalition cooperation ahead of local elections, but stressed elections conditions must be right.

Oil & Insurance: Exxon-linked insurance for Guyana’s FPSO spill risk remains capped at US$600M despite court back-and-forth, with a separate US$2B affiliate guarantee still in place as production scales up. EITI Compliance: Guyana faces potential EITI suspension after a full validation review, with critics pointing to weak public outreach follow-through and limited impact from reforms. AML/CFT Push: AG Anil Nandlall urged tougher AML convictions and better judicial training across the Caribbean, while Guyana signed a CFATF multilateral MOU to speed targeted sanctions information-sharing. Security & Courts: A taxi driver was remanded after being charged with illegal possession of 10 AK-47 rifles; police also issued wanted bulletins for three others tied to the Berbice cache. Investment & Housing: A Chinese-backed JV is seeking EPA approval for a luxury gated community at Providence, with plans for mid-rise apartments and utilities. Health Tech: President Ali announced Guyana will host a pioneering remote robotic cardiac surgery performed by an India-based specialist. Regional Finance: Guyana and Barbados plan a citizen-investable “Trident Arrow” fund for nation-building projects, alongside broader digital ID travel moves. Cricket & Culture: ExxonMobil GSL T20 ramps up with a “Super We” campaign, while Independence Tapeball and Chess960 events celebrated local talent.

Independence & Governance: Opposition Leader Azruddin Mohamed used Guyana’s 60th Diamond Jubilee address to warn that corruption and inequality could derail the post-oil boom, while President Irfaan Ali called for political unity and defended sovereignty during the Fort Island celebrations. Democracy Under Pressure: Mohamed also argued that intimidation and uneven protection of rights threaten Guyana’s democratic space. Regional Integration (Digital IDs): Guyana and Barbados launched a passport-free travel system using national e-ID cards from July 1, with airlines given time to adjust—seen as a practical boost for CARICOM mobility and business travel. Oil & Energy Policy: President Ali urged oil producers to invest more in carbon capture tech as Guyana pushes for lower-impact hydrocarbon development. Exxon Update: ExxonMobil secured shareholder approval to move its legal incorporation to Texas, a governance win with broader implications for major energy firms. Cricket Business: Republic Bank CPL and ExxonMobil GSL announced a limited-time ticket bundle promotion for Guyanese fans (offer ends June 2). Security & Crime: A Lethem robbery left one bandit dead after a police chase, with another suspect in custody. Labour Rights: GTUC welcomed an ICJ advisory opinion affirming workers’ right to strike under ILO Convention 87. CARICOM Cuba Rift: Guyana and Trinidad & Tobago reserved positions on a CARICOM statement condemning intensified US measures against Cuba, highlighting growing regional divisions.