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Explosives Monopoly in Guyana's Oil Boom
Guyana’s oil boom is fueling massive construction, but a legal chokehold on commercial explosives is stalling progress. Attorney Devindra Kissoon, head of the world’s largest explosives provider, has allegedly used cease-and-desist letters, threats of arrest, and government pressure to block rivals for years—despite laws meant to prevent monopolies. Critics say the Explosives Act’s licensing powers create insurmountable barriers, while Kissoon’s firm, once a critic of monopolies, now appears to be building one. Recent threats to domestic firms and high-profile legal maneuvers could chill…
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