‘New kid’ Guyana positioned to play key role in global oil supply tussle
‘Having only just beginning to get its proverbial feet wet in the high-profile world of the global energy industry, Guyana, it seems, is already being positioned to play a strategic role in a sector that is never lacking in infighting and intrigue.
The country’s vast oil resources would appear to have been recruited into the ongoing tug-o-war between several of the giants in the sector, on the one hand, and others, only less powerful but always ‘digging deep’ to fend off the efforts of the
With Guyana and Trinidad and Tobago sharing the similarity of both being the two most prominent oil-producing countries within the Caribbean Community (CARICOM) whilst simultaneously possessing two of the region’s most successful agricultural sectors, there is, potentially, ample room for the two countries to foster linkages that can redound, not just to themselves, but also to the Caribbean as a whole. It is a potential partnership that can hardly be taken for granted in a time when the region, as a whole, is confronted with a food security challenge, reportedly of unprecedented proportions.
Contextually, President of the Chaguaramas Chamber of Commerce and Industry (CCIC), Baldath Maraj, envisages partnerships growing to the point where these can become a standout dimension to income-generating links between the two countries. Maraj pinpointed the prospects for the opening of wider areas of cooperation between the two Caribbean Community (CARICOM) countries during a presentation to local businessmen at the Herdmanston Lodge on Tuesday March, 19, the opening day of a four-day ‘trade mission’ to Guyana by representatives of the Chaguaramas Chamber.
The visit here by the delegation of business officials from the twin-island Republic was undertaken against the backdrop of the changing shape of business relations between Guyana and the rest of the region, driven by the wider prospects for intra-regional collaboration in entrepreneurial pursuits that inhere in Guyana’s new-found status as a ‘petro power’ and arguably the most attractive regional prospect for collaboration in other fields of business endeavour.