
C21Insight subscribers.
You can access this subscription story - and hundreds more like them every month - for as little as £30/month.
CLICK HERE FOR MORE INFORMATION AND TO SUBSCRIBE
We'll email you a magic link to log in - no password required
For phone support, please call C21 on +44 (0) 20 7729 7460
52'
The sudden discovery of a massive oil field on May 20, 2015, transformed the destiny of Guyana, a small South American country nestled between Suriname, Venezuela, and Brazil. Since then, its GDP has grown at an astonishing pace (+62% in 2022, +38% in 2023).
With oil reserves estimated at 800 billion euros, Guyana has captured the attention of powerful neighbors like Venezuela and Brazil, as well as global players like the United States. France has established an embassy in the country, and Total is eyeing untapped fields with significant potential.
But how can this newfound wealth be equitably distributed in a nation that has remained impoverished and relatively free of corruption? And can Guyana avoid the rise of inequality and the risk of a geopolitical crisis as the world converges on its resources?