Markets & Finance · Energy
—The signal. Natural Resources Minister Vickram Bharrat says qualified Guyanese oil workers should now earn pay comparable to expatriates doing the same jobs.
—The crackdown. The government says it closed loopholes allowing “rent-a-citizen” arrangements, where firms used paper ownership to appear locally compliant.
—The workforce. About 7,000 Guyanese are now directly employed in oil and gas, many with five to eight years of offshore experience.
—The framework. The Local Content Act, in force since 2021, now counts more than 1,200 local businesses participating in the sector.
