Peter Ramsaroop, Guyana’s Chief Investment Officer, told investors in Houston that Guyana is opening multiple sectors to investment under a transparent procurement system, supported by expanding infrastructure and access to regional markets.
He spoke on day two of the Offshore Technology Conference’s Around the World Panel Series, as the South American country continues to scale oil production while building out non-oil industries.
“We all in here for some reason, whether you’re here to learn about Guyana, whether you’re here to invest, whether you’re here to look for opportunities as a worker, individually or as a company,” Ramsaroop said.
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Guyana’s economy has ballooned over the past five years, driven largely by offshore oil production led by ExxonMobil in the Stabroek Block. Four developments are currently producing, with additional projects expected to raise output in the coming years. Ramsaroop linked that growth to policy direction and long-term planning by the government.
He said oil revenues are being used to expand traditional sectors such as agriculture and mining, while also supporting new industries in manufacturing and logistics.
“We use oil and gas as a catalyst, as an enabler,” Ramsaroop noted.
Infrastructure is a central part of that expansion. The government is advancing plans for a deep-water port and road connections to northern Brazil, positioning Guyana as a transit point for goods moving across the region.
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He said Guyana’s trade agreements extend its reach beyond its population size, giving investors access to a wider market.
At the same time, the government has expanded training and education to support workforce demand, including tens of thousands of scholarships at tertiary levels. Ramsaroop told investors that opportunities are already defined and publicly accessible, with procurement processes open to local and international companies.
“Every one of our procurements are public procurements,” he said.
He said investors are expected to assess opportunities independently and partner where necessary.“Don’t come and ask what I should invest in. They are out there. Make your informed decision,” Ramsaroop added.
