GOGEC signs cooperation agreement with Suriname Energy Chamber

The Guyana Oil & Gas Energy Chamber (GOGEC) has signed a cooperation agreement with the Suriname Energy Chamber (SEC), and GOGEC on Thursday said the objective of the Memorandum of Understanding (MoU) is to provide a framework for cooperation between the two chambers, to facilitate business development support.

This includes the access to incentives for the energy sector, to promote joint ventures and partnerships between local and foreign investors, and to undertake joint activities aimed at investment promotion at the national and regional levels.
According to GOGEC, this signing marks the culmination of two years of efforts to ratify a shared vision and framework for enhancing Private Sector opportunities across the two countries.
While not legally binding, the MoU sets the platform for deeper bilateral and regional cooperation, which would see the energy-related Private Sector bodies of both countries addressing issues such as enhancing ‘local effects’ of resource extraction, accelerating energy transition through the Private Sector, and championing energy companies’ adoption of robust environmental, social, and governance practices.
“The partnership will also see a continued push toward maximising relationships across the energy value chain, deepening existing relationships in traditionally developed economies, and promoting new relationships across the global South,” GOGEC said on Wednesday.
The signing was done at the Natural Resources Ministry, and was witnessed by Minister Vickram Bharrat and ratified by the President of GOGEC, Manniram Prashad, and President of the Suriname Energy Chamber, Orland Olemberg. Also in attendance were Vice President of GOGEC, Luanna Persaud; Director of Finance and Planning, Joel Bhagwandin; Director of Information Technology and Distributed Generation, Rennie Leow, and Director of Energy, Dillon Clarke.