While the Georgetown Chamber of Commerce and Industry (GCCI) is upbeat about the prospects of Guyana landing a “formidable” oil and gas industry, it wants to see movement in the direction of complementary investments in the various other critical sectors that have a bearing on the overall development of the country.
“What is needed is investment in non-oil sectors such as medical facilities, infrastructure, agriculture, security, education and development of social systems,” GCCI President Deodat Indar told the gathering at the recent GCCI awards ceremony.
Much of his address centred around what he said are the drastic changes that will result from the commencement of oil production “either at the end of 2019, latest March 2020.” Alluding to reports of drilling activities by Tullow Oil in the Orinduk Block and Repsol’s drilling activities in the Kanuku Block, Indar said that with these drilling activities, Guyana is shaping up to have a formidable oil and gas industry.
