More benefits will be reaped from the booming oil and gas sector as the Gas-to-Energy Project is well underway at Wales, West Bank Demerara. This project is in keeping with the government’s commitment of ensuring that electricity costs are cut by 50 per cent in the near future. The administration’s manifesto promise featured a dedication to embracing innovative renewable energy technologies and providing incentives to reduce dependency on fossil fuels.
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US$200 Million Oil Refinery to Provide 300 Permanent Jobs for Guyanese
A US Firm is in the process of setting up a US$200 million oil refinery which will double as a Petrochemical Manufacturing Complex in Guyana, South America. It will be located on 492 acres of waterfront land at Plantation York. The project is currently awaiting the greenlight from Guyana’s Environmental Protection Agency.