Guyana, Colombia strengthen energy ties: GOGEC, CAMPETROL Sign MoU

In a move to strengthen bilateral relations in the oil, gas, and energy sectors, President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, and Executive President of the Colombian Petroleum, Gas, and Energy Chamber (CAMPETROL), Nelson Castañeda Barbour, have officially signed a Memorandum of Understanding (MOU) aimed at enhancing collaboration between the two nations.

The MOU marks a commitment by both organizations to foster deeper cooperation in several key areas, including trade relations, knowledge exchange, investment opportunities, and capacity-building initiatives. The partnership is set to provide an avenue for both Guyana and Colombia to share resources and expertise, further solidifying their growing roles in the global energy landscape.
Key areas of cooperation outlined in the agreement include knowledge sharing: facilitating the exchange of industry reports, regulatory insights, and market trends between the two countries; investment & trade promotion: organizing business forums, trade missions, and networking events to expand market opportunities; capacity building: offering training programs, seminars, and workshops designed to equip industry professionals with advanced skills and knowledge. technical collaboration: partnering on research and development initiatives aimed at sustainable energy solutions; policy advocacy: collaborating on policy recommendations to create a robust and sustainable energy sector. Prashad emphasised the importance of the partnership, stating, “This partnership with CAMPETROL aligns with GOGEC’s mission to create global linkages and drive opportunities for local companies. Colombia’s expertise in the energy sector presents valuable learning and collaboration opportunities for Guyana as we continue to expand our oil and gas industry.” Representatives from CAMPETROL also expressed their enthusiasm about the agreement, highlighting that the alliance opens the door to cross-border investments and technological innovations that will benefit both countries’ energy industries. To ensure the successful implementation of the initiatives outlined in the MOU, both organizations will establish working groups tasked with executing joint projects. Additionally, periodic meetings will be held to monitor progress and explore new areas of collaboration.