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.


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.

“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.

8 comments:

  1. Thing just keep getting better for Guyana under the leadership of the PPP Government.Guyana has achieve so many benefit and agreement under President Jadgeo.

    ReplyDelete
  2. The oil refinery will mean lots of Job opportunity for the people of this country and also many other great deals for the people of this country

    ReplyDelete
  3. Has Guyana continue to move forward in development we see a next major development with this country of ours having a oil refinery and this is good cause there will be more jobs open for the Guyanese people.

    ReplyDelete
  4. The president and this government has manage to make vast growing development in this country.

    ReplyDelete
  5. I am excited for Guyana because it is a good investment and it will further expose Guyana to the world, but can you tell me where are the locations for Prime Energy and Chemical LLC in Miami?

    ReplyDelete
  6. Can Guyanese living abroad have shares?

    ReplyDelete
  7. The development of an oil refinery in Guyana will be a major industrial stride. An oil refinery takes the raw material (crude oil) and transforms it into petrol and hundreds of other useful products. A typical refinery employs hundreds of people for its massive operations... This indeed would cut cost on some key items and products we usual have to pay high prices for from importation such as gas (which is a big man right now)...

    ReplyDelete
  8. Most of us may think this is a good thing simply because it will provide jobs. All the high end JOBS will be given to outside contractor and the rest to us. What stake does Guyana has in this company. I believe in learning from your mistakes, but how many times will you allow foreign companies to come in and suck the resources of out the country and then leave? For Guyana to see true gain from this venture it has to be a Guyanese company.

    ReplyDelete