Recent Development of Latin America “A stud...

Recent Development of Latin America “A study on Guyanese Petroleum Exploitation Since 2015”

Author Name : Tonmoy Sonowal

ABSTRACT

The discovery of Petroleum in Guyana have Impact the economic growth of the nation. Stabroek and Exxon Mobil plays a very important role and took Guyana as a challenge.  Exxon Mobil discovered high-quality petroleum 120 miles off shore of Guyana, a small South American country, in 2015. According to recent estimates, Guyana possesses many billion barrels of oil making it the world's greatest oil producer per capita. The central idea of this paper is to discuss about the Guyana oil exploration, which is one of the most interesting issue worldwide because since couple of years back Guyana was a poor nation with a very less GDP but today this country is going to be the wealth nation due to discoveries of barrels of oil reservoirs. Also I will discuss about the long-term sustainability development of Guyana.

Key words: Economic Growth, Development, Policies, Oil Exploitation, Sustainability.