Local Content Act. Country/Territory Guyana Document type Legislation Date 2021 Source FAO, FAOLEX Subject Energy, General Keyword Policy/planning Registration Authorization/permit Inspection Monitoring Business/industry/corporations Capacity building Energy conservation/energy production Oil Geographical area Amazonia, Americas, Latin America and the Caribbean, North Atlantic, Small Island Developing States, South America Abstract This Local Content is enacted to provide for the implementation of local content obligations on persons engaged in petroleum operations or related activities in the petroleum sector; to prioritise Guyanese nationals and Guyanese companies in the procurement of goods and services for the enhancement of the value chain of the petroleum sector; to enable local capacity development; to provide for the investigation, supervision, co-ordination, monitoring and evaluation of, and participation in, local content in Guyana; to promote competitiveness and encourage the creation of related industries that will sustain the social and economic development of Guyana. Full text English Website officialgazette.gov.gy