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Time to head down to Guyana

Published: 
Wednesday, February 15, 2017

There have been a couple of big news stories in the press recently, on the face of it unrelated, but I am wondering if there is not an important link between them which could be of huge future significance to this country, and indeed the region.

The first story was about the serious economic problems currently being faced by our once hugely profitable flagship state enterprise, Petrotrin. From all reports, a massive injection of capital is required to bring the refinery up to an acceptable standard—money which this government just does not have at this time .

The other big story in the recent press was about Guyana, where recent offshore exploration activities have revealed massive potential reserves of both oil and gas. It is being predicted that within the next three years Guyana is likely to become one of the world’s major producers of oil and gas. Guyana of course has no oil refining capacity, or gas processing facilities, and unless it invests in these it would have to continue importing all its requirements of finished fuels.

In a few short years we will have a huge refinery, as well as gas processing facilities, but very little oil or gas. Guyana will be just the opposite.

Surely the time is ripe right now for this country to initiate discussions with Guyana, and the oil companies operating there, for future collaboration.

Gary N Voss,

Goodwood Park