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

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