Oil company, Sol Guyana yesterday announced that it will be investing US$13.8m in projects here this year and a total of US$50m over the next five years.
This announcement was made by its General Manager Earl Carribon as he launched the company’s new jetty at Rome, on the East Bank of Demerara.
In his remarks at the ceremony, Carribon said “We play a vital role in the seamless operation of the offshore activities of the Oil & Gas sector by providing fuel, but we are so much more. We are across all sectors…marine, agriculture, manufacturing, hospitality and road transportation. In every ship, in every business, in every car, in every home…you will find us there.
“The development of local talent and promoting local content remains another one of our key priorities. Our Management Team is comprised of 78% Guyanese…In addition 97% of our overall staff are Guyanese. We recognize the importance of our team in achieving what we do, and we will continue to provide training and development opportunities for the enhancement and enrichment of our people”.
He said that the jetty project at Rome was the realization of a vision that was embarked upon more than two years ago.
Carribon said that construction commenced in 2020, and was immediately impacted by the onset of the COVID-19 pandemic. In spite of the challenges that followed, construction of the state-of-the-art jetty continued throughout the pandemic.
He described the jetty as a “milestone project” not only for Sol Guyana, but also for the furtherance and development of the bun-kering and support services infrastructure for Guyana and the Oil & Gas sector
“This investment demonstrates Sol’s belief in the sustainability of Guyana’s development agenda. The future of Guyana is indeed bright…and Sol remains committed to being a dependable and responsible partner to the people of Guyana…as we have been over the years”, he said.
He referred to other projects.
“We completed the fuel line from our Rome Terminal to the Guyana Shore Base Inc fuel farm to allow for additional fuel berths for offshore vessels”, he said.
He added that Sol has also commenced constructing a new 55,000 barrel diesel tank at Rome to better serve its customers both in the Oil & Gas and non-Oil & Gas sectors
It is also expanding its LPG storage to better meet the expanding demand for LPG/cooking gas and
has broken ground on the Mandela Avenue Service Station which will be completed by the end of the year.
Further, the McDoom Service Station is nearing completion and will provide a more convenient offering for customers.
The Sol Group, a member of the Parkland family, is a leading supplier of petroleum-based products and energy solutions in the Caribbean and further afield.
