{"id":15012,"date":"2024-01-04T14:39:59","date_gmt":"2024-01-04T14:39:59","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=15012"},"modified":"2024-01-04T14:40:00","modified_gmt":"2024-01-04T14:40:00","slug":"guyanas-oil-industry-recognized-as-among-the-best-managed-worldwide-says-dr-jagdeo","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/guyanas-oil-industry-recognized-as-among-the-best-managed-worldwide-says-dr-jagdeo\/","title":{"rendered":"Guyana&#8217;s Oil Industry Recognized as Among the Best Managed Worldwide, Says Dr. Jagdeo"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>Despite only starting oil production four years ago, Guyana&#8217;s energy policies have positioned the country&#8217;s oil industry as one of the best-managed globally, according to the assessment of Dr. Bharrat Jagdeo, General Secretary of the People\u2019s Progressive Party.<\/p>\n\n\n\n<p>In an interview with NCN reporter, Josiah Williams, Dr. Jagdeo highlighted the international recognition received by Guyana for its management and development of policies in the energy sector. <\/p>\n\n\n\n<p>He referred to assessments from the international community, including reports from the International Monetary Fund (IMF), indicating that Guyana&#8217;s oil industry stands out among the world&#8217;s most well-managed.<\/p>\n\n\n\n<p>Dr. Jagdeo acknowledged that the government has faced criticisms from both local and international media and critics. <\/p>\n\n\n\n<p>However, he emphasized that, based on evaluations, Guyana&#8217;s oil sector remains prudent and well-managed.<\/p>\n\n\n\n<p>Furthermore, Dr. Jagdeo commended the government&#8217;s efforts to ensure the inclusion of ordinary Guyanese in the benefits of the oil sector. <\/p>\n\n\n\n<p>He cited the Local Content Act and other frameworks as instruments designed to facilitate local participation in the industry.<\/p>\n\n\n\n<p>The General Secretary highlighted the ownership of warehousing facilities by Guyanese and the significant income generated through rentals. <\/p>\n\n\n\n<p>Additionally, he mentioned the positive impact on various sectors, such as security services, rentals, and remittances, contributing to the economic well-being of Guyanese both at home and abroad.<\/p>\n\n\n\n<p>Dr. Jagdeo concluded by underscoring the unprecedented level of investments, spending, and integration within Guyana&#8217;s oil industry, emphasizing its potential for sustained growth and development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite only starting oil production four years ago, Guyana&#8217;s energy policies have positioned the country&#8217;s oil industry as one of the best-managed globally, according to the assessment of Dr. Bharrat&hellip;<\/p>\n","protected":false},"author":4,"featured_media":14981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[360,350],"tags":[],"class_list":["post-15012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=15012"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15012\/revisions"}],"predecessor-version":[{"id":15013,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15012\/revisions\/15013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/14981"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=15012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=15012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=15012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}