It was representation from the accounting and legal communities that resulted in significant changes in the local content law and Attorney General Anil Nandlall says that crafting legislation for the new oil sector will take time to perfect.
However, the Attorney General pointed out that some areas cannot be exclusively 100 per cent local content.
“This bill continues to be a work in progress. It was a very difficult exercise in arriving at a measurement in local capacity, in particular since we have never done a formal assessment of local capacity in almost any of the given areas that are the subject of the legislation,” Nandlall told the Sunday Stabroek.
