Guyana’s businesses must demand more local content -Trinidad’s former energy minister

Trinidad and Tobago’s former Energy Minister, Kevin Ramnarine agrees that Guyana’s business community should demand that foreign oil and gas industry companies buy more goods and services locally, but at the same time he sees a role for partnerships between Guyanese and Trinidadian companies.

Speaking with local media representatives on Thursday via Skype, Ramnarine said if international oil companies are not kept in check they will source most of their goods and services from overseas.

“If you just lay back and allow the multinationals to do what they want to do, of course, they will naturally gravitate towards getting their services from wherever they want to get it outside of Guyana so I agree with the approach of the Private Sector Commission and other persons in Guyana. You have to put your foot down when it comes to local content and you have to make a case for the maximisation of the local content in Guyana so as much as possible that could be done in country, should be done in country,” he said.

Ramnarine was interacting with local journalists at the latest in a series of morning interactive sessions organised by British journalist, John Mair, at the Georgetown Club in Georgetown.

He notes that Trinidad’s local content policy is enforced by provisions in the production sharing agreements with oil companies.