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GUYANA | Oil money will make 2020 "the mother of all elections" says Jordan.

Featured Finance Minister Winston Jordan Finance Minister Winston Jordan
GEORGETOWN, Guyana, November 11, 2018 - “The next election is the mother of all elections ever in this country...because  the oil would be coming on stream and they all want their hands on the oil. We have to keep those thieves away from the oil resources, ” says Finance Minister Winston Jordan as he addressed an estimated 400 attendees at a meeting held at the Stabroek Market Square in Georgetown ahead of Monday's Local Government elections.

Jordan was appealing to party faithfuls at the last 2018 Local Government Elections public meeting before Monday’s vote. He said  they should  ensure that they register in next year’s house-to-house registration so they could vote in general elections due the latest by August 2020.

In his maiden political campaign speech at the meeting held at the Stabroek Market Square, Jordan declared that the next general elections would be crucial for Guyana, noting that oil would be commodity fueling Guyana's political battle ground,  to determine which party would get its hands on the country's oil revenue.

Jordan expressed concern that after years of struggle for the right to vote freely without conditions such as colour and property ownership, it is “heart-breaking and heart rending to hear people say ‘me ain’t gat time wid duh'” because to abstain is in reality to vote for the other party, in apparent reference to the People’s Progressive Party (PPP).

In clear reference to the construction of several posh houses on former government lands at Goedverwagting-Plaisance, Jordan said even without the oil “they built big mansions on our forefathers lands, on the sweat and blood of our forefathers and they did not even access to the oil resources”.

The Guyana Police Force’s Special Organised Crime Unit (SOCU) is continuing its two-year old probe, including questioning former President Bharrat Jagdeo and many of his then Cabinet members, but so far no one has been charged in connection with those land sales.

He warned supporters of the People’s National Congress Reform-dominated APNU they would be robbed of the oil wealth if they “allow that other government” to return to office. “If they get their hands on those oil resources, cat will eat your dinner,” as he urged them to spread awareness about the political implications of the massive oil revenues expected to pour in.

In issuing a stirring appeal, the Finance Minister cited the integrity of President David Granger as an “honest, God-fearing person who has the interest of this country at heart and with him leading us again in 2020, you can be assured that the oil resources will be invested in your interest”.

“I was happy to do this and come out tonight because I am passionate about development. I am passionate that this government must be given at least another term to put in place the policies that we are now setting. I am passionate that the coalition is the only government who can manage those massive oil resources that are coming,” he said. Government is preparing to  pass legislation and policies for the petroleum commission, sovereign wealth fund and local content.

Guyana is expected to begin oil productionin  early 2020 at 120,000 barrels per day which would earn US$300 million in that year.

Oil production is estimated to be about 750,000 barrels per day by 2025 and earning from profit oil and royalty could be more than US$1 billion annually.

  • Countries: Guyana

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