Latest update December 25th, 2024 1:10 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Govt. should facilitate the efforts of our local businessmen

Aug 29, 2022 Letters

Dear Editor

So Guyana has oil. And we are exporting some as crude. We have top quality and we are exporting it. Why do we have to keep being a primary product exporting country.

Now I am no economist but having an oil refinery in Guyana would be so transforming for Guyana. From my readings I have become aware that we can also get fertilizer and asphalt and so many other products and we could really use the fertilizer and asphalt.

We are importing fuel and I am sure the transportation cost would be high so if we refine oil here it would be cheaper for the Guyanese people and bring down the cost of production and manufacturing in general.

Guyana gets a percentage of the crude so if the Guyana Government sells the crude at market price to the local refinery, the cost of transportation of the crude would be less that when it is shipped overseas to other refineries and so is this not an advantage for the local refinery.

Why is the Government not pushing for a refinery? Why is the Government not pushing the idea for the private sector to build one?

The Government can encourage such a project by stating clearly that it would sell its crude to the local refinery. This would encourage investors. I am hoping the President would go public and state clearly that the Government would sell its crude to the local refinery, not at a subsidsed rate but at market price.

I have been hearing that Government has a number of proposals for over a year now. Can they say something about this?

Come on President Irfaan, I would like you to state clearly your policy that you would welcome private sector involvement in constructing a refinery and that your Government would sell its share of the crude to the local refinery.

I did read that one businessman wants to set up one in Linden so Mr. president, let’s hear what encouragement your Government would give to the Guyanese businessmen.

The Guyanese voters would be very upset if your Government do not publicly express your support for such a project.

While your heartfelt welcome of the Saudis is indeed commendable, we should facilitate the efforts of our local business.

You should be aware of the jobs that would be created and all the benefits from such a project

Noonmatti Bharratt

 

Similar Articles

The Glenn Lall Show | December, 2nd, 2024

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

The wait is over, all roads lead to KMTC for their Grand Boxing Day Horse race meet

The wait is over, all roads lead to KMTC for their Grand Boxing Day...

Dec 25, 2024

Over 70 entries in as $7M in prizes at stake  By Samuel Whyte Kaieteur Sports- The time has come and the wait is over and its gallop time as the biggest event for the year-end season is set for the...
Read More
Xhiya Hercules – flipping the script towards Gymnastics history for Guyana

Xhiya Hercules – flipping the script towards...

Dec 25, 2024

Road Warriors, Bent Street, Team Cruel & Gold Is Money into quarter-finals

Road Warriors, Bent Street, Team Cruel &...

Dec 25, 2024

Deol maiden hundred outshines Matthews’ as India take series

Deol maiden hundred outshines Matthews’ as...

Dec 25, 2024

Moraikobai village two days football competition and fun day set for Old and New Year’s Day

Moraikobai village two days football competition...

Dec 25, 2024

BCB thanks cricket fraternity for strong support in 2024

BCB thanks cricket fraternity for strong support...

Dec 25, 2024

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]