A US-based consortium has plans to build Guyana’s first oil refinery in the next 18 months, to provide cheaper fuel in an initial investment estimated at US$75M.
Wednesday, April 6, 2011
Guyana to get oil refinery
Standing from left to right are Director of Finance at Prime Energy, Carlos Villegas; Director of Energy Systems at Prime Energy, Raul Arrondo and International Director of Prime Energy, Vidjai Doerga while seated from left to right are Sergean Elias, Project Manager, CEO of Chemex, Jerry Brooks and International Director of Prime Energy and Chemical LLC, Dr Turhane Doerga.
“It is expected that within 18 months, an estimated US$75M will be spent to establish the facilities which will also be providing over 100 jobs and ultimately see cheaper fuel for Guyana," said a statement from the companies, Prime Energy and Chemical LLC, Kuai Energy Systems and Chemex LLC of the US.