Guyana Energy Agency management covering up multi-billion dollar fuel smuggling rackets

Massive corruption unearthed…Smuggled fuel accounts for more than half of local consumption

Regulating the oil imports for the country is the Guyana Energy Authority (GEA). The authority has been playing a key role in negotiating the purchases and ensuring that petroleum products are imported legally.
GEA’s annual report in 2014 shows that it spent US$561.6M on petroleum products imports – a little more than half was purchased from Venezuela under the PetroCaribe arrangement.
On every gallon of gas and diesel Government has been charging up to 50 percent tax, an indication of how much revenues Guyana has been raking in.
Mahnder Sharma has been the Chief Executive Officer of GEA for a number of years.


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