Seminar on managing oil resources opens today in Guyana

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Employees of government ministries and agencies in Guyana are set to benefit from a two-day training seminar on managing oil revenues, as the country races to prepare for petroleum production in 2020.

Experts began arriving in the country over the last couple of days for the seminar, entitled; ‘Managing Resources Post Discovery’ which is to be held at ‘De Impeccable’ Banquet Hall on Brickdam in the Capital City of Georgetown, on June 21 and 22.

Delivering the presentations at the seminar will be experts from the Commonwealth Secretariat, the Natural Resource Governance Institute, Chatham House in the UK, the New Petroleum Producers Discussion Group and a number of independent experts. There will also be persons from Trinidad and Tobago and Chile to assist in guiding the discussions.

The programme will commence at 9:00 hrs on June 21.  Opening remarks will be made by Guyana’s Minister of Natural Resources, Raphael Trotman, Minister of Finance, Winston Jordan and Dr. Valerie Marcel of the New Petroleum Producers Discussion Group and Chatham House.

Following the opening remarks, Ministers Trotman and Jordan will give an overview of the Guyana Government’s vision of growth, development priorities and current status of the petroleum industry.

The next session will examine climate policies and oil and gas with a view to examining the long-term outlook for the petroleum sector. The other sessions will examine alternative development paths and getting the most out of the oil and gas sector.

On Thursday, the agenda will commence with the topic ‘Managing resources for the future’ and this is to be followed by ‘Avoiding the resource curse.’ The final two sessions will look at good governance and options for Guyana.