Latest update January 13th, 2025 3:10 AM
Nov 02, 2019 News
“We will make sure we have a first-class petroleum industry that is efficiently and honestly administered.”President David Granger gave this assurance yesterday during an interview on Kaieteur Radio.He was at the time appearing on the station’s “The Political Show”, hosted by Senior Reporter, Leonard Gildarie.
The Head of State explained that with the establishment of the Department of Energy on August 1, 2018, the government has embarked on building the human capacity needed for the industry.“We have to build human capacity, and that is responsible for the focus I have on education, particularly science and technology,” the President said.Over the past few months, the Head of State has made donations to several schools to aid in the expansion and development of its science and technology programmes.
“In order to make that industry work, we need technically and scientifically qualified people… in years to come, Guyana will be doing much better.”President Granger also noted that keen attention is being paid to the lessons from other oil-producing nations. He highlighted that measures are being implemented to ensure that benefits from the industry are properly
managed and pointed to the Sovereign Wealth Fund as an example.
“We will ensure that the policy that we have outlined in the Decade of Development puts the revenues from the Petroleum Sector in certain directions.”
The President explained that one of these will be the Education Sector and emphasised that it is important that training is being provided in the sector.
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