The announcement is expected to appease investors as Guyana prepares to become what experts believe could be Latin America’s second-biggest oil producer within the next decade. President David Granger and opposition leader Bharrat Jagdeo met for more than an hour and agreed to a new round of elections once the local elections commission is prepared for them. One of the votes came from Charrandass Persaud, a legislator of the ruling coalition who has since fled to Canada. The political upheaval has worried those who anticipate Guyana could become a major oil producer in upcoming years. The start of oil production is expected for late 2019 or early 2020.

Source: National Post January 09, 2019 22:01 UTC