The Private Sector Commission (PSC) and the Ministry of Natural Resources (MNR) have announced that they would continue to lobby for the unbundling of contracts and examine a 30- day payment period for small and medium-sized local operators in the oil sector.
The announcement followed a meeting between a PSC delegation and Minister of Natural Resources Vickram Bharrat and representatives of the Local Content Secretariat on Tuesday, to discuss local content issues.
In a joint statement, the PSC and the Secretariat said chief among the issues discussed were the unbundling of contracts to allow greater participation by Guyanese businesses in the sector and the lengthy time it takes for companies to receive payments. “On both matters, the PSC and [ministry] are aligned,” the statement said.
