GEORGETOWN, Guyana, CMC – The Guyana government says discussions are continuing with the United States-based bulk fuel supplier, Curlew Midstream, regarding a proposal to establish a bulk fuel storage facility that had failed to meet its 2025 year-end deadline.
“We are in discussion with the legal team. They’re handling those negotiations. I’m not going to comment on where those negotiations are, but they have a proposal in, and we’re looking at that,” President Irfaan Ali told reporters.
In one of the court cases filed by a group including Curlew Midstream against former US Congressman Mark Green and a lobbyist partner on February 20, 2026, Curlew said its board of directors met with a high-level Guyana official to close remaining commercial points, provided the requested due diligence and financials, and received assurances that execution of the Fuel Exchange Agreement was imminent. Watch Video
Court documents show that on January 10, 2026, President Ali met with Curlew Midstream and confirmed that Guyana’s Minister of Natural Resources, Vickram Bharrat, would execute the Fuel Exchange Agreement, and that the deal would be executed on January 12, 2026.
However, according to Curlew, the Guyana government then sent Curlew Midstream a “signable agreement” that unexpectedly incorporated terms from a new consultant who had not previously participated.
“Those terms introduced material last-minute changes to key commercial points inconsistent with the previously agreed terms,” according to the court document.
The document states that on October 16, 2025, Curlew Midstream representatives met Guyana’s President and other high-level officials to finalise the Fuel Exchange Agreement, and the parties reached an agreement on key terms, including crude pricing, refined product pricing, terminal construction in Georgetown and Lethem, and prepayment or escrow before delivery.
Without specifically referring to Curlew Midstream, President Ali cited the benefits of having such a facility in Guyana amid rising oil prices driven by conflict in the Middle East.
He told reporters that he was sure several Middle Eastern countries were looking at countries where they could invest to guarantee long-term security.
“Just imagine if we had a massive storage facility in Guyana under these challenges- the role Guyana could have played, so we have to look at these challenges and build out long-term opportunities for our country,” he said.
Ali had met several times with the principals of Curlew Midstream and the US Ambassador, Nicole Theriot, here during the recently held 2026 Guyana Energy Conference.
Asked by reporters whether two court cases filed in US courts concerning the alleged theft of intellectual property had anything to do with the delay in approving Curlew Midstream’s proposal, President Ali said he was unaware of such litigation.
He told reporters those involved in the court cases would have to resolve them.
On February 18, 2025, the President had told the opening of the Guyana Energy Conference that a deal had been struck with the Arkansas-based Curlew Midstream to refine at least 30,000 barrels of crude per day for local consumption.
The plan had envisaged the construction of a US$300 million storage facility in Guyana to store 750,000 barrels of gasoline, diesel, jet fuel, and heavy fuel oil. He had said the company had proposed processing Guyana’s crude to guarantee the security and sustainability of Guyana’s fossil fuel supplies.
Curlew Midstream had promised that through its terminal, price-advantaged trading would result in an immediate, dramatic reduction in the wholesale and retail price of fuels that power the nation.
The company had said that the facility would supply Guyana with 100 per cent of its domestic refined fuel needs and would also enable Guyana to export the highest-quality, non-sanctioned fuels to Caribbean Community (CARICOM) countries.
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