Guyana is one of the most promising new sources for non-OPEC oil production growth, and the country just emerged from a chaotic five-month election drama. Opposition leader Mohamed Irfaan Ali was sworn into office as the country’s new president last week.
The small South American country is home to the biggest oil discovery in recent years. In January, ExxonMobil boosted its reserves estimate for the Stabroek Block to more than 8 billion barrels.
Lisa Viscidi, director of the Inter-American Dialogue’s Energy, Climate Change and Extractive Industries Program, gets into more detail about the disputed election, the newly inaugurated president and the implications for Guyana’s oil future.