Guyana’s Vice President Dr. Bharrat Jagdeo says the government wants to structure the development of its expanding oil and gas industry to ensure that oil corporations bear their fair share of obligations from an environmental and financial standpoint.
And he said the country is hoping to do that with the support of India.
Jagdeo made the comments during an interview with WION, an English news channel headquartered in New Delhi, while 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 to work in defining the growth of the industry,” he said.
“So, we are looking forward with great excitement to the development of 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, as well as the country’s Vice President, Jagdeep Dhankhar.
It was agreed that the two nations will 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 in the position of being one of the world’s top oil-producing nations.
CMC/
