[Video] Part of World Bank loan to study bringing gas onshore

Guyana has asked the World Bank for US$1.7M of a US$20M loan it has accessed to set the foundation for its petroleum industry framework and to also study bringing natural gas onshore when oil production begins in 2020. 

Minister of Natural Resources Raphael Trotman told reporters following a meeting with World Bank representatives at his Duke Street office yesterday morning that his ministry would be “the receiving ministry” until such time as the proposed Department of Energy (DOE) is up and running.

He explained that the World Bank has put strict criteria for accessing the funding and it is for this reason that a Project Implementation Unit (PIU) has been established within the Ministry of Finance. ….