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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