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February 19, 2026
February 19, 2026
February 19, 2026
February 19, 2026
Guyana offers predictability, stability and security for investors, Natural Resources Minister Vickram Bharrat said on Wednesday, positioning the country as a safe and worthwhile destination for investment as oil production continues to expand rapidly.
“You invest in Guyana because there is predictability, there is stability, there is security for your investment, and you have a government that encourages and ensures that your investment is safe and worthwhile,” Bharrat said during a ministerial panel on regional energy security at the Guyana Energy Conference and Supply Chain Expo.
Bharrat said leadership, sound management and strong partnerships have underpinned Guyana’s transformation into a major oil producer since the first offshore discovery in May 2015. The country achieved first oil in December 2019 and is now producing more than 900,000 barrels per day. He said output could approach 1.2 million barrels per day by the time of next year’s conference.
The minister described the sector’s growth as the result of decisive policy choices in a capital-intensive industry, supported by what he called bold and visionary leadership. He pointed to the passage of the Natural Resource Fund Act in 2021, which strengthened parliamentary oversight of oil revenues, including review by the Public Accounts Committee and audits by the Auditor General.
The Natural Resource Fund allows withdrawals into the national budget only with parliamentary approval, or in the case of a national emergency, and is intended to safeguard oil revenues for present and future generations.
Bharrat also highlighted the Local Content Act, saying it has expanded opportunities for Guyanese businesses and workers. More than 1,200 local companies are now registered to participate in the oil and gas sector, with close to 7,000 Guyanese employed in the industry.
He said partnerships have been central to the sector’s expansion, citing the government’s relationship with US oil major ExxonMobil and its co-venturers, as well as collaboration with local private sector firms. Regional cooperation with Suriname and Trinidad and Tobago is also key to advancing energy security goals, he added.
Guyana has become one of the world’s fastest-growing economies since oil production began, driven largely by offshore output and related investment.
