Aberdeen & Grampian Chamber of Commerce has entered into a joint initiative with Georgetown Chamber of Commerce and Industry that seeks to strengthen strategic links and forge new trade connections between the two regions.
Guyana has one of the world’s fastest growing oil and gas industries after significant oil reserves were found off the country’s coast in 2015. It is now looking at recoverable oil reserves of six billion barrels and that number is expected to rise to in excess of 15 billion barrels as discoveries continue to be made.
Nicholas Deygoo-Boyer, president of GCCI, and Russell Borthwick, chief executive of AGCC, have signed a two-year memorandum of understanding that sets out how the organisation will share information, promote trade opportunities, facilitate networking and further the potential for joint ventures between businesses in the two energy city regions.
The agreement includes supportive activities created through direct contact between the Chambers as well as others involving the British Chambers of Commerce, Scottish Chambers of Commerce, the Department for International Trade, Scottish Development International and other similar bodies.
The Georgetown Chamber of Commerce and Industry is the oldest private sector representative in Guyana. Representing businesses across a variety of sectors, it seeks to support organisations as the country prepares to enter a new era of development. The city was officially twinned with Aberdeen in March this year.
Mr Deygoo-Boyer said: “The Chamber is interested in bringing its experience and expertise in the North Sea oil and gas industry to Guyana. Local companies will be able to create supply chains for products and services by forming joint ventures with those companies who control existing technologies and have the ‘know-how’ to make that happen.”
Mr Borthwick added: “Aberdeen and Georgetown have a growing bond that we are working to strengthen further. Working together has benefits for both cities and the memorandum of understanding is an important step in forming a successful and profitable relationshipfrom which the cluster of expert companies that we have in oil and gas operations can benefit.”
Nicholas Deygoo-Boyer and Russell Borthwick