Government has not ruled out having an oil refinery here but does not see it feasible at this time as consistent crude supply, shallow waters and storage are issues that first needs addressing, Minister of Natural Resources Vickram Bharrat has said.
“We will have to do a bit more assessment and allow the companies to do their assessment as well. But it’s something that the government is still inclined to have as an investment in Guyana along with storage,” Bharrat told a press conference on Wednesday.
“…It makes no sense having a refinery in Guyana and we cannot supply the crude to it. It makes no sense because you simply have to import crude. That is defeating the entire purpose,” he reasoned.