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World Bank’s oil glut warning casts doubt on Jagdeo’s projections of massive revenue in the future by not ring-fencing projects

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Kaieteur News- The World Bank’s latest Commodity Markets Outlook report, which forecasts an imminent oil surplus, has raised doubts about Vice President Dr. Bharrat Jagdeo’s projections of substantial future revenue. Jagdeo has suggested that by not implementing a ring-fencing provision for the oil projects in the Stabroek Block, the country is strategically foregoing short-term benefits […]

The post World Bank’s oil glut warning casts doubt on Jagdeo’s projections of massive revenue in the future by not ring-fencing projects appeared first on Kaieteur News.

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