Framing Guyana’s oil and gas policies: Will focus on a sovereign wealth fund, governance and local content be enough?

This New Year’s column 2017, starts discussion of the last topic left in this continuing 50th Anniversary series on Guyana’s extractive industries. It focuses on policy issues arising from the impending development of the oil and gas sector. These issues are rather complex, but nonetheless remain of fundamental importance, if Guyanese are to play constructive roles in designing, executing, and monitoring the sector’s development.

In the 2016 National Budget, the Ministry of Natural Resources had identified four broad policy areas for the sector, namely,