Very usefull links


News links




Dow Jones

Oil price



Views and News





-TT PM Rowley postpones visit to Guyana, MoU will be made public – Pres. Granger…



By Kaieteur News


Petroleumworld 09 12 2018

The Memorandum of Understanding (MoU) for cooperation on petroleum matters which will be signed between Guyana and Trinidad and Tobago (T&T) will not be kept secret.

Questioned by Kaieteur News at State House yesterday, President David Granger disclosed his intention to make the agreement public.

“It is not a secret document. It is just an agreement to cooperate. It was vetted by the Department of Energy and the Ministry of Foreign Affairs. I will ask for that document to be released,” the President stated.

T&T's Prime Minister, Dr. Keith Rowley, was expected to visit Guyana yesterday to sign the MoU and a separate cooperation framework, but postponed the engagement until possibly next week.

The President's decision follows several calls from the private sector and the Opposition for the MoU to be made public amidst concerns that the bilateral agreement would lay the groundwork for Trinidadian businesses and workers to overpower local companies in the oil and gas sector.

All of the concerns are also being fueled by a lack of a local content policy for the sector.

Foreign Affairs Minister, Carl Greenidge has made it pellucid during his interview with Kaieteur News that the Government would press ahead with signing the agreement in spite of the concerns from the private sector.

At an “emergency” press conference on Wednesday, GCCI's President, Deodat Indar said that the Chamber wants to see the MoU to ascertain if there would be dire consequences for the private sector. The businessman said that the Chamber is not against investments from T&T. He stressed, however, that the MoU, depending on the arrangements in it, could open the floodgates, leaving Guyanese businesses without an iota of protection in the oil and gas market. This was followed up by a call to make the document public.

Dismissing these concerns, Greenidge said that T&T does not need a MoU to establish itself here. He said, too, that if the T&T Prime Minister, Rowley has announced that the MoU will pave the way for Trinidadian firms to also be successful here, “then nothing is wrong with that.”

The Minister said, “Many T&T firms are here without a MoU so I don't know what they (GCCI) are going on with. This is not the first MoU we are going to sign and before they stand up and start to make allegations that are completely unwarranted, they must look closely at the relations between Guyana and TT.”

In this regard, Greenidge said that between 1975 and 1992, Guyana could not pay for the oil it was importing, but TT opted to carry that burden.

The Foreign Affairs Minister said that Guyana cannot seek to improve its bilateral relations with a nation only when it is doing well. He said, “They are our CARICOM sister and they have rights and those rights do not depend on a MoU.”


Story by Kaieteur News 09 13 2018


We invite all our readers to share with us
their views and comments about this article.

Write to

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to:

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1

November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter







Editor & Publisher:Elio Ohep/
Contact Email:

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.