In a joint venture with the United Kingdom-based InterOil Group Ltd, businessman Stanley Ming is developing a US$200 million oil and gas shore base at Parika, East Bank Essequibo, where, according to him, locals will be able to rent space to provide services for the sector.
Ming, who had originally envisioned the creation of a community on 1,100 acres of land he owns there, told Stabroek News that it was only a “slight” change from the original housing plans he had for the area. He had also planned to establish the headquarters of his company, Ming’s Products and Services Ltd, there.
Ming told Stabroek News in an interview that 325 acres will be used for the shore base.
