The Georgetown Chamber of Commerce and Industry (GCCI) has released a detailed response to the third draft of Guyana’s Local Content Policy (LCP) for the oil and gas sector in which they argue that a Local Content Dialogue Commission (LCDC) should be established as the formal mechanism for oversight of the policy.
According to the GCCI, while the state has the function to advance the welfare of the Guyanese people there are other extremely important stakeholders in the petroleum sector and national development process therefore the commission should include “government, operators, civil society, academia and private sector.”
The 10-page document released by the chamber is said to capture its position on the policy following a survey of the opinion of its membership, a comparative analysis of best practices and a critical analysis through the framework provided by the Newfoundland and Labrador Oil and Gas Industries Association (NOIA).
