No. 104635
SATURDAY, AUGUST 6, 2016
Price: $80
(VAT Inclusive)
An employee of GAICO Construction and contracting Services demonstrates the use of equipment on board the company’s supply /spill response vessel on Friday afternoon. President David Granger (centre) engages the company’s principal, Komal Singh, as Private Sector Commission (PSC) chairman Eddie Boyer (left) and Minister of Public Health , Dr George Norton, look on [Adrian Narine photo]
Oil spill readiness GAICO unveils oil spill response vessel
BY Alva Solomon LOCAL firm GAICO Construction and Contracting Services, celebrating on Friday its 25th year in business, has capitalised on an opportunity to provide support services relevant to Guyana’s emerging oil and gas sector by unveiling its oil spill response services, a venture which is said to be the first of its kind to be piloted here by a local firm. The company plans to invest in the creation of a “soil remediation facility,” a project which pivots around the treatment of contaminated fuel retrieved from oil spills. Speaking at the commissioning of the service, Presi-
dent David Granger commended GAICO for its “forward thinking” initiative, and expressed his conviction that the country must prepare itself for similar emergent economic sectors. He told the gathering, which included several ministers of government, environmentalists and oil and gas managers, that the company has cast its sights on Guyana’s emerging petroleum sector and has positioned itself to benefit from that sector’s local content. The President said Guyana must prepare itself for new and emerging sectors, and foresight and entrepreneurship would allow businesses to benefit from local content. He said Government is confident that the production
of petroleum would create new opportunities, although economic challenges would not come to an end. He said the country cannot afford to fold its arms and simply wait for the anticipated oil bonanza. “We must continue to build a balanced and diversified Guyana,” he said. President Granger said the authorities will continue to pursue green growth notwithstanding the emerging petroleum sector. “Our green agenda will open notable avenues for entrepreneurship,” he said. He listed enterprises, construction and environmental services, solid waste management and protected areas’ systems as being Turn to page 3 ►
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