Georgetown : Prime Energy and Chemical LLC, Kuai Energy Systems and Chemex LLC of the US are in the planning stage to build and operate Guyana’s first ever oil refinery.
It is expected that within 18 months, an estimated US$75M will be spent to establish the facilities which will also be providing over 100 jobs and ultimately see cheaper fuel for Guyana.
Dr. Turhane Doerga, International Director of Prime Energy and Chemical LLC, whose offices are in Miami, has disclosed that they are in talks with government and an information session with stakeholders is to be held on Wednesday April 6, 2011 at the Princess Hotel with stakeholders.
According to Dr. Doerga, the conglomerate which has been eyeing the Caribbean for a while now, will be sourcing it crude oil from companies in the region, in the beginning.
Jerry Brooks, President of Prime Energy noted that the mini oil refinery is modular with the possibility of being adjusted to include a power plant.
Production at the refinery could start within 18 months, Dr. Doerga says.
“This is a significant investment for us and for Guyana. On Wednesday, we will be providing more information and stand ready to embark on this very exciting project.”
Prime Minister Sam Hinds is expected to be present at the forum on Wednesday at the Princess Hotel.
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