The World’s Newest Oil Countries Are Racing To Exploit Reserves ...Middle East

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The World’s Newest Oil Countries Are Racing To Exploit Reserves
The new kids on the oil block—Guyana, Suriname, and Ghana—have no plans to let their newly discovered oil wealth go to waste by joining global decarbonization efforts. They plan to exploit them as best as they can before they become worthless, Reuters has reported, citing statements by government officials made at this week's Offshore Technology Conference in Houston. Billions of barrels of crude oil have been discovered in the Guyana-Suriname Basin offshore the two South African neighbors as well as in Ghana in recent years. "We have…

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