Guyana Gets $26 Million in European Union Aid for Sugar Industry

By: - May 19th, 2011

Guyana, the largest sugar exporter in the Caribbean, will receive just under $27 million in aid from the European Union to help improve production in the country. The E.U. had previously chosen to cut import prices for raw sugar by as much as 36 percent, and the new aid came as part of an effort to compensate Guyana for its losses during that period. Guyana’s Guysuco is the largest bloc producer of sugar to Europe. [Business Week]

Guyana

Bahamas Petroleum Company, in Survey, Finds Supergiant Structures

By the Caribbean Journal staff The Bahamas Petroleum Company, which has offshore license permits in the Bahamas, said it had found structures similar to the so-called supergiant structures of the Gulf of Mexico and the Middle East. “What is most exciting is the scale and size of the structures we have been able to map […]

Guyana

Plans for $1 Billion in Chinese Funding for Caribbean

Eximbank China’s Export-Import Bank has plans to launch a $1 billion fund to invest in Latin America and the Caribbean, following several years of significant spending in the region. In 2009, China invested $7 billion in the region through private corporations on infrastructure projects ports and hotels. The investments were reported by Adam Wu, COO […]

Guyana

BHP Billiton Starts Drilling in Caribbean

BHP Billiton has begun drilling gas at its Agostura Project off the coast of Trinidad and Tobago. According to CEO Michael Yeager, the platform has a design capacity of 280 million cubic feet of gas per day. BHP has a 45 percent interest in the Greater Angostura Field, along with joint venture partners Total (which […]

Inter-American Development Bank Begins Barbados Visit

 By the Caribbean Journal staff Eleven counsellors of the Inter-American Development Bank are in Barbados looking at local projects funded by the bank. Representatives of the bank, which last week warned that the region was in danger of significant effects from rising food prices, are meeting with Barbados’ Housing and Neighborhood Upgrading Programme and the […]

Geothermal Project Planned in Nevis

 A geothermal well in Nevis Caribbean geothermal developer West Indies Power Holdings has announced plans for an 8.5-megawatt project in Nevis. The project will be funded with a $55 million loan from the Export-Import Bank of the United States. Nevis’ Administration has been given permission to guarantee the loan, a necessary prerequisite. [Bloomberg]

U.N.: Caribbean Foreign Direct Investment Fell 18 Percent in 2010

By the Caribbean Journal staff Eleven counsellors of the Inter-American Development Bank are in Barbados looking at local projects funded by the bank. Representatives of the bank, which last week warned that the region was in danger of significant effects from rising food prices, are meeting with Barbados’ Housing and Neighborhood Upgrading Programme and the […]

Trinidad's Energy Minister Meets with Ghanaian Officials on Natural Gas

 Ghana’s Energy Minister Dr. Joe Oteng-Adjei and Trinidad’s Minister of Energy Carolyn Seepersad-Bachan By the Caribbean Journal staff Following an agreement that would see Trinidad supply energy for power plants in Ghana, Trinidad and Tobago’s Minister of Energy and Energy Affairs, Carolyn Seepersad-Bachan, visited Ghana at the end of last month. The minister led a […]