Guyana looking for oil deal with T&T

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President David Granger and Trinidad and Tobago Prime Minister Kamla Persaud-Bissesar

By Jomo Paul

President David Granger and Trinidad and Tobago Prime Minister Kamla Persaud-Bissesar
President David Granger and Trinidad and Tobago Prime Minister Kamla Persad-Bissesar

[www.inewsguyan.com] – Given the fact that bilateral ties with Guyana’s main supplier of oil is hanging in the balance, Guyana’s President David Granger has already approached other countries with the aim of establishing trade relations specific to the purchase of oil.

Venezuela, which is Guyana’s main supplier of oil, recently laid a claim to three-quarters of Guyana’s territory, increasing tensions between the two South American countries.

Already threats have been made that would see the end of the rice for oil agreement between the two countries, and if this comes to an end, Guyana will have to look to other markets.

Minister of Governance, Raphael Trotman on August 05, told reporters that President Granger recently met with Trinidad and Tobago’s Prime Minister Kamla Persad-Bissesar where the issue of energy, oil and gas development, along with the supply of fuel to Guyana were among possible areas of collaboration discussed.

“Discussions were held on possible areas of collaboration between our two countries, particularly in the area of energy, including of course oil and gas development, supply of fuel by Trinidad and Tobago to Guyana and the exploration of alternative energy initiatives,” said Trotman.

The two countries have already agreed to a Joint Commission to initiate and oversee collaboration in construction, education, business and other areas where it would be mutually beneficial to deepen ties.

While Guyana has reported a significant discovery of oil, that area is now the subject of a controversy with Venezuela.

Experts have described Venezuela’s claim on the territory as “economic warfare’ intended to scare away potential investors and not allow Guyana to harvest the full potential of its natural resources.

10 COMMENTS

  1. Never put all your eggs in one basket.Them Trinis gun start to bawl soon if oil prices continue to fall. Guyana should should have still been the food basket of the Caribbean if it wasn’t for dictator Burnham and his cronies.We should still keep our agriculture base even when the oil start to flow.

  2. Good move the oil deal with Venezuela is more than likely dead the need for oil is not going away Trinidad is our Caricom partner and can assist our country in this regard. In addition they have extensive experience in the production of this commodity. We can use their expertise.

  3. @GuyanaToday: Any oil exploration and extraction here may be coming too late for us. The price for oil globally is falling steadily.

    And renewable’s are gaining momentum.

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