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Tag Archives: local content policy

ExxonMobil oil exploration served up 1,700 Guyanese jobs, GYD$36 billion to local businesses; gov’t crafting Guyana local content policy

ExxonMobil (Guyana) on Wednesday played up the local benefits of its operations in Guyana over the last few years, even as government’s Energy Department said it was crafting a local content policy that is relevant to Guyana. Addressing the opening of the Guyana International Petroleum Business Summit & Exhibition (GIPEX 2019) at the Marriott Hotel in Georgetown, ExxonMobil’s Senior Vice ...

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Change Guyana political party vows to renegotiate oil contracts

The newly-formed Change Guyana (CG) political party on Tuesday vowed to renegotiate all existing contracts with oil companies to get higher royalties and suspend the award of new concessions pending those talks. Addressing CG’s launch at the Pegasus Hotel, prime ministerial candidate, Nigel Hinds made known his party’s position on the issue at a time when there is lingering debate ...

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OPINION: Clashing Guyanese and American priorities

By GHK Lall The US Ambassador could not have been clearer in where, from the perspective of her responsibilities and country, the priority of interests focuses. Though couched in the careful and studied language favored by diplomats, there could – and should – be no mistaking the position of strength from which she spoke, and the thrusts embedded in those. ...

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Georgetown Chamber flays American Ambassador over local content remarks

A section of Guyana’s business community has reacted sharply to United States Ambassador, Sarah-Ann Lynch’s warning that recent chatter about local content may scare away foreign investors. Senior Vice President of the Georgetown Chamber, Timothy Tucker indicated that Ms. Lynch is an American public servant who was merely representing her country’s business interests. Mr. Tucker says nothing is wrong with ...

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US Ambassador cautions local content policy concerns may scare away investors

Co-Chairman of the American Chamber of Commerce- Guyana (AMCHAM-G), American Ambassador to Guyana Sarah-Ann Lynch on Saturday cautioned that recent concerns about local content could erode Guyana as an attractive investment destination. “For example, some recent suggestions about local content policy in Guyana may send a signal that some investors as well as the employment and know-how benefits they bring ...

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