Dear Editor,
Only one Guyanese group had the wherewithal and resources to bid for an oil block in Guyana’s recent auction, it is made up of five black businesswomen who were able to craft a joint venture with international partners, this speaks volumes for their abilities and credibility. It also flies in the face of the claims of racial discrimination made by Leader of the Opposition, Aubrey Norton recently in Washington D.C. The world of business is neither a level nor fair playing field and ‘dog eat dog’ is not an unwarranted description to describe it, one takes every advantage on offer;
I would have been interested to see what Cathy Hughes, wife of a man who heads the largest Law firm in Guyana (with offices in Houston, Texas) had to say about that sector, as the Texas expansion happened while she was a Minister of Government, alas, nothing was offered. The perfect example of how tough it is in business is the shore base project, unveiled at GIPEX 2018 by JAPARTS and Source One Supplies, Chief Executive Officer (CEO), Terry Singh, who for various reasons could not secure the requisite permissions and financing, and, had to watch on as the project he conceptualized was developed by the NRG consortium. The recent exit of one of the NRG partners who has sold their shares to the other partners following a Reuters news article is further evidence of the harsh realities of doing business anywhere in the world.
Back to the Guyanese ladies who bid on the oil block, their abilities and actions put them far ahead of the local experts who pontificate daily on the oil resources, for they, who know where every drop is located and how much billions/trillions are there for the taking, could not muster a bid, their ethnicity, like their verbiage was/is of no account when it comes down to the business of oil. I do hope the Guyanese ladies are successful in their bid and hope they hit the biggest reservoir on the planet; luck (and business) favours the brave after all.
Sincerely,
Robin Singh
