guyana: India, Guyana to hitch forces in oil and fuel

Oil minister Hardeep Singh Puri met Guyana president Mohamed Irfaan Ali on Thursday.

“The leaders agreed on direct government-to-government cooperation throughout all the spectrum of the oil and fuel sector together with elevated long-term offtake, participation in exploration and manufacturing actions in Guyana, technical cooperation within the midstream and downstream sector and capability constructing,” the oil ministry stated in a press release.

The leaders agreed to arrange two technical groups to take ahead these discussions, the ministry stated. The contours of future cooperation can be finalised in the course of the go to of Guyana’s vice chairman Bharrat Jagdeo to India in February, it added.

A contract was additionally signed between Guyana Energy and Fuel Inc, a wholly-owned firm of the federal government of Guyana, and Engineers India Ltd for offering consultancy providers for a 300 MW energy plant venture in Guyana.