gogechamberApr 16, 20211 min readGuyana using its foreign policy to strengthen relationship with oil producing nations. While some states aim to use foreign policy to increase their standing in the world, for advocacy, or as a tool to compete with others, Guyana’s has centered on promoting its economic development at home. Guyana, whose oil resources has brought it new political and economic capital, is using its ministry of foreign affairs to strengthen existing relations with old allies and build new partnerships with other oil producing nations as a way to draw foreign direct investment to both its oil and non-oil sectors.
While some states aim to use foreign policy to increase their standing in the world, for advocacy, or as a tool to compete with others, Guyana’s has centered on promoting its economic development at home. Guyana, whose oil resources has brought it new political and economic capital, is using its ministry of foreign affairs to strengthen existing relations with old allies and build new partnerships with other oil producing nations as a way to draw foreign direct investment to both its oil and non-oil sectors.
EXXONMOBIL REPORTS TWO FURTHER OIL FINDS OFF THE COAST OF GUYANA. ExxonMobil has added two new development opportunities to its broad portfolio with the announcement of two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore of Guyana. Sin