Jobs, Rib-Eyes and Worries: How Exxon's Giant Oil Discovery Is Transforming Guyana - The Wall Street Journal
Jobs, Rib-Eyes and Worries: How Exxon’s Giant Oil Discovery Is Transforming Guyana - WSJ
GEORGETOWN, Guyana—New supermarkets here are stocked with prime Texas rib-eyes. A recently opened waterfront hotel offers executive suites for $750 per night. The national cricket team, the Amazon Warriors, is getting a new stadium that begins construction next spring.
Money is pouring into Guyana, which is quickly being transformed from one of the poorest countries in the Western Hemisphere into the world’s fastest-growing economy, according to the International Monetary Fund. The economic makeover is succinctly explained by the sponsor named on the cricket team’s jersey: Exxon Mobil, the oil giant based almost 3,000 miles to the north.
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