Thursday, February 2, 2023
Village Voice News
ADVERTISEMENT
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
Village Voice News
No Result
View All Result
Home News

Gov’t endorses more Local Content Master Plan

Admin by Admin
October 29, 2022
in News
Minister Vickram Bharrat hands over approved Master Plan to the Director of Gulf Engineering, Mr Jodel Gopeesingh

Minister Vickram Bharrat hands over approved Master Plan to the Director of Gulf Engineering, Mr Jodel Gopeesingh

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

READ ALSO

$33.2B budget estimates for agricultural sector passed

First Lady named ‘Godmother’ of Guyana’s third FPSO

Support Village Voice News With a Donation of Your Choice.

Minister of Natural Resources Vickram Bharrat has approved the five-year Master Plans of Esso Exploration and Production Guyana Limited (EEPGL), Saipem Guyana Inc. and Gulf Engineering Services Guyana Limited (GESGI).

The five-year master plan is intended to provide the minister and the Local Content Secretariat with an understanding of the contractor, sub-contractor or licensee’s projected activities with regard to employment, procurement and capacity development of Guyanese suppliers.

The plans reportedly include an amendment which ensures that Guyanese suppliers of the petroleum sector are paid within thirty (30) to forty-five (45) days upon receipt of the correct invoice. This plan is enforceable as per the Local Content Act.

At the October 26 signing, that minister reminded the signing companies’ executives that many of the suppliers of Guyana’s oil and gas sector operate on a cash flow basis and that the amendment to include a reduced payment period will bode well for suppliers’ growth and competitiveness.

The minister informed the signing partner the Government of Guyana is currently in discussion with the commercial banks to have contracts lodged as collateral and this would support access to capital for Guyanese businesses.

Advertisement



Support Village Voice News With a Donation of Your Choice



ShareTweetSendShareSend

Related Posts

News

$33.2B budget estimates for agricultural sector passed

by Admin
February 2, 2023

During day two of the consideration of estimates and expenditure for Budget 2023, the Ministry of Agriculture’s $33.2 billion budget...

Read more
First Lady Arya Ali addressing officials and staff of companies involved in the construction and operation of the Prosperity at the dedication ceremony at Keppel Shipyard in Singapore on Wednesday
News

First Lady named ‘Godmother’ of Guyana’s third FPSO

by Admin
February 2, 2023

SINGAPORE  - Guyana’s third Floating, Production, Storage and Offloading (FPSO) vessel – the Prosperity – was officially dedicated by First...

Read more
News

United Nations Interfaith Harmony Week 2023 (Guyana) Launched

by Admin
February 2, 2023

The official launch of the United Nations Interfaith Harmony Week 2023 (Guyana) was held Wednesday at the National Cultural Centre....

Read more
Next Post

“Did Guyana ‘return to democracy’”?

EDITOR'S PICK

Why students from low-income communities especially need access to a STEM education

December 13, 2020

Herbal Section | 7 Emerging Benefits and Use of Papaya Leaves

December 19, 2021
CWI President Ricky Skerritt, paid tribute to Sir Viv.

Sir Vivian Richards received Order of Caribbean Community Award

July 5, 2022
A team from SBM Offshore and Chief Executive officer of Hubu Aqua Farms, Sheik Rahman visited the site of the grow-out ponds at Hubu, EBE.

SBM Offshore supporting aquaculture growth in Guyana 

May 8, 2022

© 2022 Village Voice | Developed by Ink Creative Agency

No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us

© 2022 Village Voice | Developed by Ink Creative Agency