With Guyana being described as the “sunshine of oil countries” by one investor, a number of oil and gas projects are forging ahead here despite the contraction of the global economy due to the fallout from the COVID-19 pandemic, and Minister of Natural Resources Vickram Bharrat sees this as indicative of confidence in this country, its governance and economy.
“[Wednesday’s] notice shows the confidence of investors in this country. We can only get better and grow bolder. Our government is for investment. We encourage investors and are trying to create a climate where investors are encouraged to come here and join with us as we develop this nation,” the minister told this newspaper.
“There will be a number of spin-offs from these investments because with foreign investment comes foreign currency, more revenue from taxes, employment is created, other goods and services are utilized… the benefits are immense,” he observed.
