Guyana Fuel Project Delayed

A U.S. court filing dated Feb. 20, 2026 says Curlew Midstream’s board met with a high‑level Guyanese official earlier this year, provided due‑diligence and financial documents, and received assurances that execution of a Fuel Exchange Agreement was imminent. (caribbeannationalweekly.com)) The same filing states President Irfaan Ali met Curlew on Jan. 10, 2026 and that Vickram Bharrat was designated to execute the Fuel Exchange Agreement with a signing expected on Jan. 12, 2026. (caribbeannationalweekly.com)) Curlew alleges the government later circulated a “signable agreement” that included additional commercial terms from a new consultant introduced late in negotiations, changes the company says departed from previously agreed points. (caribbeannationalweekly.com)) Public statements around the deal described an initial US$300 million investment and a state‑of‑the‑art storage facility with an initial capacity of 750,000 barrels intended to meet domestic demand and enable exports to CARICOM markets. (oilnow.gy)) Curlew Midstream is identified in company statements as headquartered in Bentonville, Arkansas, with terminal operations in South Louisiana that the firm proposed linking to the Guyana storage project. (oilnow.gy)) President Ali and government sources say legal teams are currently handling negotiations while acknowledging U.S. court cases and alleged intellectual‑property disputes tied to Curlew could require separate resolution by the parties. (caribbeannationalweekly.com)) Earlier project timelines and company comments targeted moving roughly 30,000 barrels (refined) into Guyana by the end of 2025 as an initial flow into the planned terminal, a milestone the recent filings and statements show was not met. (oilnow.gy))