Guyanese must be main beneficiaries of oil & gas – new PSC Chairman

Desmond Sears, Chairman of the Private Sector Commission of Guyana (PSC).

Newly elected Chairman of the Private Sector Commission of Guyana (PSC), Desmond Sears, says the umbrella body representing businesses in the South American country will continue to advocate for Guyanese, both home and abroad, to be the main beneficiaries of the emerging petroleum industry.

“I will continue to advocate to make sure that Guyanese, in particular at home and abroad, be the beneficiaries. We don’t have all the skills locally and it would be also good for us to engage the Diaspora and also engage the regional and international community,” he told OilNOW on the sidelines of the PSC’s Annual General Meeting held on June 21 at the Marriott Hotel in Georgetown.

Mr. Sears said it is important that the local business community asserts itself and actively pursue opportunities in the industry since there are growing prospects for investments and partnerships.

“It is important that we assert ourselves, and as locals, we take advantage of the current situation. It is open to us and it is for us to want to benefit from it. I am hoping that we as the private sector can contribute to this new industry and play a role in its growth and development,” he pointed out.

The newly elected Chairman said he will be actively working to facilitate a healthier relationship between the government and opposition since this is a key factor in ensuring oil revenue benefits the country as a whole.