Guyana’s local content regulator, the Local Content Secretariat, has issued 354 Local Content Certificates to Guyanese suppliers to the nation’s oil and gas sector, according to the Ministry of Natural Resources.
In a release, the ministry said its internal assessments show that certified Guyanese companies supplied goods and services, valued above a preliminary estimate of $129 billion, across 37 of the 40 areas ringfenced for nationals in the First Schedule of the Local Content Act.
Director of the Secretariat, Martin Pertab noted that this preliminary assessment represents 23% of Guyana’s $552.9 billion budget for 2022. In the release a breakdown of sectors and sub sectors are enclosed but the ministry nor did the secretariat provide any data on a breakdown of the 354 certificates with the list provided. The release also did not provide a performance appraisal of the listed sectors and sub sectors.
