Based in South America, Barry Kevin O’Rourke is an operational management professional who guides S.A.B. Mining. The country that Barry Kevin O’Rourke operates in is mineral-rich with significant deposits of gold, diamond, and bauxite, as well as offshore oil reserves. These natural endowments are moving the country toward sustained prosperity.
An International Monetary Fund (IMF) report from April 2021 predicts that Guyana’s economy will emerge over the next five years as a global frontrunner. This reflects major investment positions taken by energy companies such as Total, ExxonMobil, CNOOC, and Tullow. A significant recent development was ExxonMobil’s discovery of 120 additional feet of quality oil-bearing reservoirs off the country’s coastline.
By 2026, Guyana is expected to attain per-capita oil production of one barrel per person each day. This would represent the highest per capita level worldwide and significantly exceed previous IMF forecasts, which predicted the economy will reach $14.1 billion by 2025. This level was already nearly three times the 2019 figure. According to current IMF estimates, in 2021 alone, the GDP is expected to expand by 16.4 percent.
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