aNatural Resources Minister Raphael Trotman has disclosed three key objectives which the Government of Guyana will be pursuing in 2018 to consolidate its capacity to effectively service a modern oil and gas industry including a national oil company which will be charged with responsibility for overseeing the country’s commercial interest in the sector.
At the same time, Trotman said that during next year government will be seeking the support of the Government of Mexico in pursuit of the creation of “a scientific institute to support cutting edge regulation and development of the sector and an onshore logistics base that will serve both as a revenue earner as well as to support the development of other local industries.
Making these disclosures during a presentation to a November 24 Stakeholder Symposium at the University of Guyana titled “Identifying and meeting the demands for engineering and operations management skill required in Guyana’s emerging oil and gas industry,” Trotman also cautioned his audience on the importance of us disabusing ourselves of the notion that large capital investment in the oil industry translates into significant levels of direct employment. Guyanese, he said, must instead continue to bear in mind that the oil industry generates revenue levels “that can be made available to expand development and provide jobs in other sectors of the economy”, Trotman declared.
