News > Guyana’s oil discovery, a game changer

Guyana’s oil discovery, a game changer

17/06/2023 04:04 PM | Click to read full article

Guyana with an 800,000 population is spread over an area of 215,000 sqkm. A 2017 economic survey categorised over 40% of its population to be living below the poverty line. Cut to 2022, it is ranked as the fastest-growing economy in the world. This dramatic transformation was made possible, by the flow of First Oil from an offshore oil well, in December 2019, into the Floating Production Storage and Offload vessel (FPSO), aptly named Liza "Destiny". People of Indian origin form 40% of its population.