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Business

UK ready to help Guyana develop but won’t sacrifice quality- Trade Commissioner for LATAM Caribbean

United Kingdom Trade Commissioner for Latin America and the Caribbean , Jonathan Knotts on Wednesday said that a working group would be established with Guyana to work on a range of projects within strict deadlines, even as he said his country was keen on delivering high quality work rather than negotiating cheaper prices. “We have agreed to establish a joint ...

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Guyana offers UK energy security

President Irfaan Ali on Wednesday said  Guyana could offer the United Kingdom (UK) energy security by guaranteeing hydrocarbon supplies to its former colonial power which does not have a reserve. Speaking during the working session of a meeting with a United Kingdom trade delegation and Trade Commissioner for Latin America and the Caribbean at UK Department for International Trade, Jonathan ...

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Oil money for business initiatives in Guyana, Diaspora- Pres Ali

President Irfaan Ali on Tuesday night announced that government would be pumping an undisclosed amount of the oil money into business initiatives by Guyanese here and overseas. “I’m working to see how we can create a business model in which every Guyanese here and in diaspora can have an opportunity to invest in an investment vehicle that attaches them to ...

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Oil money still not sufficient for Guyana’s development needs

Finance Minister Dr. Ashni Singh said the revenues being accrued from the oil and gas sector are still relatively modest, particularly considering the country’s developmental needs. Speaking during the programme ‘Narrative’, Minister Singh said while the petroleum sector continues to grow and generate economic opportunities, the non-oil sectors must be developed to create a sustainable source of wealth. “We have ...

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Govt may appeal grant of Local Content Certificate to RAMPS Logistics

The Guyana government on Monday said it might appeal a High Court decision that led to the issuance of a Local Content Certificate to the Guyana-registered RAMPS Logistics Inc. whose parent company is based in Trinidad. “There are strong concerns by the Ministry of Natural Resources as to the eligibility of this particular application for local content certification. And as ...

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High Court orders gov’t to issue Local Content Certificate to RAMPS Logistics

Chief Justice Roxane George-Wiltshire on Friday ordered the Ministry of Natural Resources’ Local Content Secretariat to issue a Local Content Certificate to the RAMPS Logistics (Guyana) Limited whose parent company is headquartered in Trinidad & Tobago. She ordered the Director of the Local Content Secretariat Martin Pertab to properly fulfill his duties without discretion to register or cause the Secretariat ...

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President flays private sector for failing to grasp business opportunities; offers to assist in crafting proposals to bank

Even as President Irfaan Ali on Friday bashed the private sector for failing to take advantage of foreign investment opportunities from Saudi Arabia and South Korea, he announced that government was willing to help write business plans and negotiate with commercial banks for low interest loans. “I am ready, as your President, to help to put together a team to ...

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Guyana ranks US company No. 1 to build natural gas electricity, liquids plants

President Irfaan Ali on Thursday announced that the American-owned energy company, LINDSAYCA in a joint venture with CH4 Guyana, has been selected to forge ahead with negotiations to build an almost US$1 billion natural gas-fired electricity plant and natural gas liquids plant at Wales, West Bank Demerara. He said in a video statement on Facebook that Cabinet on Thursday also ...

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Guyana to rake in more ‘oil money’ from new oil blocks, local companies can explore for oil in first ever bid round slated for next year

Guyana is set to earn more money from the oil sector under a new Production Sharing Agreement (PSA) that would govern production from oil blocks, as the country prepares for its first ever bid round early next year for 14 offshore blocks, Vice President Bharrat Jagdeo said Wednesday. Mr Jagdeo also announced that Guyanese companies would be entitled to bid ...

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