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Court ruling sends Guyana to new elections, as first oil output looms
Source: Reuters
WORLD NEWS JUNE 18, 2019 / 3:20 PM / UPDATED 5 HOURS AGO
Court ruling sends Guyana to new elections, as first oil output looms
GEORGETOWN (Reuters) - A regional court on Tuesday upheld the Guyanese Parliament’s December no-confidence vote in the government, meaning the South American country will face new elections just as its nascent oil industry appears set to transform the economy.
President David Granger challenged the surprise vote, which came after one member of the ruling coalition unexpectedly sided with the opposition on the motion, in court. But after several appeals, the Trinidad-based Caribbean Court of Justice upheld the no-confidence vote.
Guyana’s constitution calls for elections to be called within three months of a no-confidence vote, unless Parliament extends the deadline.
That means the vote would likely come before first oil production, which is expected for early 2020. Exxon Mobil has announced 13 oil discoveries off the small country’s coast, containing more than 5.5 billion barrels of recoverable oil and gas.
-snip-
Court ruling sends Guyana to new elections, as first oil output looms
GEORGETOWN (Reuters) - A regional court on Tuesday upheld the Guyanese Parliament’s December no-confidence vote in the government, meaning the South American country will face new elections just as its nascent oil industry appears set to transform the economy.
President David Granger challenged the surprise vote, which came after one member of the ruling coalition unexpectedly sided with the opposition on the motion, in court. But after several appeals, the Trinidad-based Caribbean Court of Justice upheld the no-confidence vote.
Guyana’s constitution calls for elections to be called within three months of a no-confidence vote, unless Parliament extends the deadline.
That means the vote would likely come before first oil production, which is expected for early 2020. Exxon Mobil has announced 13 oil discoveries off the small country’s coast, containing more than 5.5 billion barrels of recoverable oil and gas.
-snip-
Read more: https://www.reuters.com/article/us-guyana-politics/court-ruling-sends-guyana-to-new-elections-as-first-oil-output-looms-idUSKCN1TJ2MD
