Latest update April 17th, 2024 12:59 AM
Oct 29, 2022 News
Oil series Pt. 10
By Kiana Wilburg
Kaieteur News – According to Guyana’s Local Content Legislation, there are 40 categories of services in which oil companies must ensure Guyanese participation. Of that number, there are 14 categories which must see the highest possible participation.
The chart below outlines these areas as well as the 90 to 100 percent target that must be achieved by oil companies and their subcontractors.
The Local Content Act through the use of targets and other mechanisms aims to prioritize the use of Guyanese nationals and companies in the procurement of goods and services for the enhancement of the value chain of the oil sector.
The Act also serves to enable local capacity development and provide for the investigation, supervision, co-ordination, monitoring and evaluation of, and participation in, local content in Guyana.
The Local Content Secretariat is mandated to ensure that the provisions of the Act are implemented and functions as the regulatory arm for the monitoring, evaluation, coordination and reporting of local content in the petroleum operations of Guyana.
JAGDEO ADDING MORE DANGER TO GUYANA AND THE REGION
Apr 17, 2024
2024 CWI Regional 4-Day Championships Round 7…GHE vs. CCC Kaieteur Sports – After a highly-successful round 6, Guyana Harpy Eagles will look to take full advantage of the out-of-sorts...Kaieteur News – Every school teacher should take a close look at the students in his or her classroom. The probability... more
By Sir Ronald Sanders Waterfalls Magazine – On April 10, the Permanent Council of the Organization of American States... more
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]