Guyana on Monday held talks with India on issues ranging from areas of collaboration in energy security to the possibility of Indian companies extending training to Guyanese engineers in upstream and downstream oil and gas industries.
Minister of Natural Resources, Vickram Bharrat, is currently in the United Arab Emirates (UAE) for the four-day Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) being held at the Abu Dhabi National Exhibition Centre (ADNEC).
Indian refiners snapping up Liza crude, going after term deal with Brazil | OilNOW
He had bilateral discussions on the sidelines of the conference on Monday with India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri.
According to the Indian High Commission to Guyana, Minister Puri said Indian companies will assist in the training of engineers for upstream & downstream sectors.
Over the years, India and Guyana have collaborated on healthcare, education, culture, finance, training, capacity building, and other areas. India is also executing developmental projects in the South American country.
India is also ramping up exploration for oil off its east and west coasts. The first agreement was signed with ExxonMobil, which will be exploring the Krishan Godavari and Cauvery basins in the eastern offshore and the Kutch-Mumbai region in the western offshore.
Ministers and policymakers from Guyana, Papua New Guinea and Timor-Leste will be discussing the requirements for ensuring future market stability, while navigating energy security challenges such as affordability and sustainability. Mr. Bharrat will take part in a panel discussion on Wednesday with Minister of Petroleum and Minerals in the South Asian nation of Timor-Leste, Dr. Victor da Conceicao Soares and moderated by the Chief Executive Officer (CEO) of Crystal Energy, Dr. Carole Nakhle.
