Finance and Natural Resources for Presidential oversight in Guyana

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OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

The Office of the newly elected President of Guyana, Dr. Mohamed Irfaan Ali, will have direct oversight for finance, and natural resources, under which the petroleum portfolio falls.

In a statement on Monday, the Office of the President said, “In response to several queries; the media corps and, by extension, the general public, is advised that the Office of the President will have oversight for the areas of Finance and Natural Resources.”

While Ministers have been appointed to head the various sectors, a Minister of Finance has not yet been put in place by the new administration.

OilNOW had previously reported that the petroleum portfolio was expected to fall directly under the President, as has traditionally been the case in Guyana, except for a brief period following the 2015 elections when it came under the office of the Minister of Natural Resources.

It is anticipated that the Office of the President will be making a number of key decisions in coming days as it relates to oil and gas and the role of the Department of Energy, under which the key functions of the sector have been administered over the last two years.

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