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By Thandeka Percival stabroek news Members of the Transparency Institute of Guyana Inc. yesterday participating in the anti-corruption walk organised by the State Assets Recovery Agency (SARA) with support from the United Nations Office on Drugs and Crime. See story on page 3 (Terrence Thompson photo) With the State Assets Recovery Agency…
Continue readingApr 21, 2018 kaieteur News The State Assets Recovery Agency (SARA) will begin recovery proceedings for 10 cases later this year. Director of SARA, Dr. Clive Thomas, told local media that the agency is in the process of reviewing “well over 50 to 60” cases for the recovery of state assets. “Beginning…
Continue readingPosted by: Denis Chabrol April 20, 2018 The Head of the State Assets Recovery Agency , Professor Clive Thomas says evidence from international law enforcement agencies have revealed a “massive scale of corruption and money laundering” during the period that Bharrat Jagdeo served as Guyana’s President. “Documents received from external Law Enforcement Agencies…
Continue readingPosted by: Denis Chabrol in Business, News, Politics April 16, 2018 0 Comments Cabinet is yet to announce a new Chairman and other directors of the state-owned Guyana Sugar Corporation (Guysuco), although Finance Minister Winston Jordan has said new directors announced in early March have been scrapped. Jordan has said Cabinet Secretary Joseph Harmon prematurely announced…
Continue readingBy Dr Clive Thomas December 3, 2017 stabroek news Introduction Last week’s column argued that, the best use of Guyana’s oil wealth would be strategic spending on, and through, a dedicated Ministry of Renewable Energy. Only such a body would be capable of the measured and fierce competitions required to ensure Guyana’s hydrocarbons…
Continue readingBy Dr Clive Thomas december 10, 2017 stabroek news Introduction Last week’s column welcomed the coming release of Guyana’s petroleum contracts. It also identified that, based on the standard industry classification, there are four principal types of such contracts. Brief pro forma descriptions of three of these were provided, namely, concessionary, service,…
Continue readingBy Dr Clive Thomas stabroek news november 12, 2017 ShareTweetPrintEmail Decision Rule 3 Last week’s column continued the exploration of Guyana’s natural gas prospects, both “associated with/and not associated with” its recent substantial petroleum finds. That discussion has placed me in a position where I can now confidently proffer a third decision…
Continue readingBy Dr Clive Thomas stabroek news november 4, 2017 ShareTweetPrintEmail Introduction Last week’s column had raised the conundrum: What next? Given that, I am advising against state investment in oil refining therefore, what other major options I am recommending for realizing the substantial potential of Guyana’s recent petroleum finds. Thus far I…
Continue readingBy Dr Clive Thomas stabroek news Introduction As matters presently stand, and in order to be precise as well as taking into account the discussion concerning a Guyana state-owned oil refinery has lasted for several weeks (since August 20, 2017) it is perhaps prudent that today’s column starts by summarizing my two…
Continue readingBy Dr Clive Thomas October 22, 2017 stabroek news Today’s column concludes my discussion of Decision Rule 2, which posits: there is no overall economic justification for a Guyana state-owned oil refinery (of approximately 100,000 barrels/day). An effective local content requirements (LCRs) regime for its coming petroleum sector does not support this either,…
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