API’s Chief Economist to make global energy presentation to Guyana business group

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Chief Economist of the American Petroleum Institute (API) Dr Dean Foreman will make a presentation to the executive and membership of the Georgetown Chamber of Commerce and Industry (GCCI) on Tuesday September 1, 2020. Dr. Foreman will be presenting on ‘Global Energy and Economic Update – An API Perspective’.

The API Chief Economist earlier this year had a media engagement with local reporters where he shared the Institute’s perspectives on several economic issues in the oil and gas sector.

He specializes in global business and energy and has more than 20 years of industry experience in corporate strategic planning, market analysis and forecasting, finance and risk management.

President of GCCI Nicholas Deygoo-Boyer welcomed the engagement with Dr Foreman and called on the Chamber’s members to participate fully in the session.

“We’re very excited to have Dr Foreman give us this talk. As you know Guyana is new to the oil industry and as such we are learning not just about the geology and engineering side …we are also learning about the economic side – what factors affect oil prices; how do oil prices affect our cash flows and what does that mean for any budgets that our government may bring for mechanisms such as our Natural Resources Fund,” Deygoo-Boyer told OilNOW. “So, I am very happy that Dr Foreman will be able to give the GCCI some amount of understanding of the oil industry from an economics perspective and we are looking forward to our members participating and asking questions that they need answers to.”

The GCCI which represents more than 300 business entities including some in oil and gas has been very vocal on matters such as local content development and capacity building in the oil and gas sector. The body’s executive and membership have participated in a number of engagements locally and overseas with the latest being the recently concluded Aberdeen Guyana Gateway which not only sought to bring together Guyanese and UK businesses but also encourage investment in Guyana.

The interaction with the GCCI is scheduled to take place at 1:00 p.m. via Zoom. 

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