VP to Guyana private sector: Improve financial standing to bridge funding gap
CLICK HERE TO READ ORIGINAL ARTICLEAccess to finance has been a major deterrent to local businesses looking to service Guyana’s oil and gas sector. After all, the development cost for just one of ExxonMobil’s offshore projects overshadows Guyana’s annual budgets.Calls have mounted for the government to devise ways to alleviate this proverbial brick wall. The latest came...Read MoreGovt prepared to support, sell crude to small refinery – VP | INews Guyana
CLICK HERE TO READ ORIGINAL ARTICLEVice President Dr Bharrat Jagdeo has revealed that the Government, which presently has several proposals before it for setting up a refinery, is prepared to support the establishment of a small refinery, and even sell limited amounts of Guyana’s crude to such a refinery.During the Guyana Manufacturing and Services Association’s (GMSA’s) mid-year dinner, on...Read More
Local Content Law: Companies using junior staff to meet senior management quota – Jagdeo
CLICK HERE TO READ ORIGINAL ARTICLE…but junior staff salaries remain same despite ‘new’ job titlesDespite the Local Content Act, oil and gas companies continue to come up with new ways to bypass the law. According to Vice President Bharrat Jagdeo, companies have now taken to using their junior staff to fill up the legally-mandated quota for senior management staff, all while the junior staff...Read More
