The Independent Voice of West Indies Cricket

Breaking: Modi to make play for Guyana oil?

Curtis 11/19/24, 9:58:03 PM
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Citing realistic synergies between the two countries, including culture, resources and values, India PM is expected to pitch for a 50% stake in Guyana's oil sector.

This would give India control of a desired resource while providing Guyana with a significant cash outlay to continue its economic development.

Financial analysts have estimated Guyana's oil reserves to be worth close to $900 billion US, meaning, India would need to pony up close to $450 billion US for the rights, over a 20 year period. India would then be in a position to renegotiate existing oil exploration contracts.

Neither VP Bharat Jagdeo nor India's Finance Minister Nirmala Sitharaman would confirm or deny this proposal.


Mr Jagdeo deferred all questions to his colleague Mr. Jeremy Persaud-Saywack.
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Curtis 11/19/24, 10:13:54 PM
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Jeremy, please confirm.
Halliwell 11/19/24, 10:14:40 PM
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Jeremy (Persad SayWhat) unmasked.

In fact, he’d give it to India for free if they just ask.
Curtis 11/19/24, 10:16:45 PM
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debut: 12/4/02
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In reply to Halliwell

Let's hear from the horse's mouth.
StumpCam 11/19/24, 10:32:34 PM
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In reply to Curtis

Let's hear from the horse's mouth.

Maybe, it would be more accurate to say from another part of he horse’s anatomy!razz
anthonyp 11/20/24, 2:05:40 PM
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In reply to Curtis

Jeremy at state house right now decked out in his kurta and waving the India flag.

Word is that Jags denied him entry... heard that he's planning to jump the fence though.
Jumpstart 11/20/24, 2:15:32 PM
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In reply to anthonyp

Word is that Jags denied him entry... heard that he's planning to jump the fence though.

a la karen nunez at basdeo panday's funeral?
another epic moment in TT history
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Curtis 11/20/24, 4:05:10 PM
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In reply to anthonyp

He kurta made from Indian Flag big grinbig grin
Curtis 11/20/24, 4:07:10 PM
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debut: 12/4/02
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In reply to Jumpstart

big grinbig grinbig grin

Classic Moment indeed. Not to be denied. Trinis are very special in many diverse ways.
Curtis 11/20/24, 4:10:12 PM
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In reply to anthonyp

I heard he volunteer to make the dhall at State House just to get een
Jumpstart 11/20/24, 8:38:12 PM
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In reply to Curtis

You saw how much ole mas portrayals that inspired. The student who won schools ole mas in south won with a Karen portrayal. Kallicharran didn’t enter this year but I’m sure they were tempted after the funeral
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Slipfeeler 11/20/24, 9:08:53 PM
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I knew from inception that was Modi’s objective, knowing fully well that there are entities in the country who prefers India to their own country Guyana, that is, the same ones who cheer for India against West Indies.
sgtdjones 11/20/24, 11:40:46 PM
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debut: 2/16/17
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In reply to Curtis

If I may explain...

Refineries in China and India purchase heavy oil for their refineries .

Such as the Tar sands in Alberta and Venezuelan oil deposits.

Brent crude is expensive compared to purchasing heavy oil at about 40 dollars per barrel.
Russia is selling heavy oil to China and India at 35 dollars per barrel.

Guyana oil is light, clean oil , so it commands a high price Such cannot and will not be refined by Indian refineries.
These countries have the largest heavy oil refineries in the world

Jamnagar Refinery
Owned by Reliance Industries Limited, the largest oil refinery in the world is located in Jamnagar, India, and can process 1.24 million barrels of oil per day.
It's the petroleum hub of the world, producing one-third of India's oil consumption.

With a 10% investment, India might follow China's example in Guyana. These wells will start producing heavy oil in a few years.
India , China , South Korea, and Japan purchase 85% of heavy dirty oil in the world; it's cheap.

Bitumen from Venezuela and Canada tar sands can be upgraded to synthetic crude oil and refined to make asphalt, gasoline, jet fuel, and value-added chemicals.
Canada's tar sands produce 4,800,000 barrels per day
Canadian exports of crude oil to us refineries 1.3 million barrels per day in 2000 to over 3.8 million barrels per day in 2019
U.S. refineries are growing increasingly reliant on Canadian heavy oil, including oil from the oil sands. The total percentage of heavy crude oil that the U.S. imports from Canada as a share of all of its imports of Canadian oil has risen from 25.1 per cent in 2000 to 55.8 per cent in 2019, an increase of 122 per cent over the past two decades
A major consumer of bitumen from the oil sands is the United States (Gulf Coast). The refineries in the area provide the best purchase prices for the heavy oil benchmarks in the world because they are best equipped to handle heavy sour grades.
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Curtis 11/20/24, 11:44:06 PM
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In reply to Slipfeeler

You smell a rat. They can't fool everyone.
birdseye 11/21/24, 4:53:06 AM
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That’s what is called an opportunistic man. Where was Modie before the oil thing bruk?