GEORGETOWN, Guyana, CMC – The government is looking to develop its burgeoning oil and gas sector in a structured way to ensure oil companies bear their share of responsibilities from both an environmental and fiscal perspective, says Vice President Dr. Bharrat Jagdeo.
And he said the country hopes to do that with the support of India.
During an interview with WION, an English news channel headquartered in New Delhi, Jagdeo commented on his official visit to India last week.
He noted that Guyana would also be seeking India’s expertise as it develops its gas policy in environmental management and overall capacity building.
“You have a lot of smart people here who can help us define the industry’s growth,” he said.
“So, we are looking forward with great excitement to developing a strong relationship with India on energy-related matters.”
During his visit, the vice president met with several key Indian officials, including the Minister of External Affairs of India, Dr. Subrahmanyam Jaishankar, and the country’s Vice President, Jagdeep Dhankhar.
It was agreed that the two nations would continue to work on strengthening bilateral partnerships in various sectors, including petroleum and natural gas.
Guyana’s first commercial oil production began in December 2019 from the Liza Phase 1 project, operated by ExxonMobil. Since then, several other projects have been announced, placing Guyana as one of the world’s top oil-producing nations.
and then 