Introduction In my New Year’s Day column this year I had indicated there are three policy priorities which seemingly guide government’s preparations for the development of its impending oil and gas-based extraction sector. If these priorities are interpreted in their broadest sense, they could be expressed as 1) establishing a sovereign wealth fund (SWF) and,…
Introduction Today’s column concludes discussion on the institutional aspects of Guyana’s preparations for its coming petroleum industry. The discussion focuses on the proposed regulatory commission, as expressed in the government’s Draft Petroleum Commission of Guyana Bill (PCB), presently in circulation among stakeholders. Although the Guyana Geology and Mines Commission (GGMC) is responsible for oversight of…
At the conclusion of last week’s column, I had indicated the intention to wrap up in today’s column my discussion concerning the institutional architecture and governance in preparation for Guyana’s coming gas and oil industry. However, the feedback readers have offered since, suggests they are not altogether clear as to why there is a special…
Introduction Last week’s column advanced the view that Guyana’s membership of the Extractive Industries Transparency Initiative (EITI) is a crucial plank in the institutional governance architecture being designed for managing its impending oil and gas extraction industry. I summed up my evaluation of seeking EITI membership as a necessary, but not sufficient basis for securing…
