During his budget speech yesterday, Minister of Finance Dr Ashni Singh said that the final ranking of bidders for a 30,000-barrel oil refinery in Berbice will be completed in the first quarter of this year.
Additionally, he said over 6,000 Guyanese are employed in the oil and gas sector.
In building a “world-class oil and gas sector” Singh stated that the government’s objectives are to strengthen the sector’s legal and regulatory framework, establish and strengthen institutional structures required by that framework, continue to promote accelerated exploration and production of the resources in the national interest and maximize the positive spillovers of the sector into the non-oil economy.
