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Analysis: Guyana’s Local Content Requirements: Bitter Pill Coated with the Sweetness of Jingoism?

by Attorney-at-Law, Dr. Vivian Williams Guyanese were struggling ever since the country was wrested from the colonial masters. So, when oil was discovered in the South American country in 2015, expectations of prosperity soared. Consequently, the implementation of Local Content Requirements (LCRs) in the fledging oil & gas sector is greeted with patriotic fervor. It is easy for a country, ...

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RAMPS failed to prove Guyanese ownership- Local Content Secretariat

The Ministry of Natural Resources’ Local Content Secretariat on Monday informed RAMPS Logistics (Guyana) Inc. that it failed to submit important proof of Guyanese ownership due to apparent discrepancies in the allocation of shares “No Amended Articles of Incorporation nor the corresponding resolution were submitted to the Secretariat which authorised the increase in the total number of shares Ramps Logistics ...

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Indian road construction company must employ Guyanese, abide by rules to possibly win more contracts

The State-owned Indian construction company, Ashoka Buildcon Limited, has been told to employ Guyanese and complete the project in a timely manner to the required specifications if it is to stand a good chance of being awarded future contracts in Guyana, officials said Friday. “We expect that you will execute this project in line with the highest of standards in line ...

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Sunken speedboat was overloaded- passenger

The speedboat that sank earlier Saturday in Essequibo River was allegedly overloaded when it departed Parika bound for Supenaam, but no one perished as the captain quickly navigated the vessel to a mangroves on the edge of Leguan Island from where they were rescued. “The boat come with people inside overload. Well, this is the result,” theatre and radio personality, ...

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Public Works Ministry to remove roadway encumbrances from Monday

Public Works Minister Juan Edghill on Friday warned that the time is up for the voluntary removal of encumbrances and derelict vehicles nearby roads and gave notice that from Monday an operation would begin to remove them. Addressing the turning-of-the sod ceremony for the construction of a 7.8 kilometre road from Ogle, East Coast Demerara to Haags-Bosch, East Bank Demerara, ...

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No “rent-a-citizen” fronting for local content must be tolerated- Georgetown Chamber

The Georgetown Chamber of Commerce & Industry (GCCI) on Thursday urged the Guyana government to take steps to block companies from using Guyanese to conveniently obtain a 51 percent stake to merely satisfy the provisions of the Local Content Act. “This phenomenon – commonly referred to as ‘fronting’ or ‘rent-a-citizen’ – has the potential to reduce the amount of value ...

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RAMPS Logistics Guyana, govt differ on reasons for refusing local content certification

The Guyana government’s Local Content Secretariat and RAMPS Logistics Guyana Inc. are at odds over whether the company met the requirements to operate as a Guyanese company. Highly-places source on Thursday said RAMPS Logistics Guyana Inc. has been refused local content certification because the company does not have 75 percent Guyanese in management and has not proven the source of ...

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May 2023