GUYANA: OIL: Multi-billion-dollar ‘Port of Vreed-en-hoop’ facility in the works

OilNOW –  28 July 2021

Guyanese company NRG Holdings Inc. plans to establish a multi-billion-dollar multi-purpose port facility dubbed the ‘Port of Vreed-en-hoop’ that will feature a major shore base at Foreshore, Plantation Best on the West Bank of Demerara.

The intended development will fill the gap for oil and gas support services to meet the rapidly expanding offshore operations while providing a range of services geared towards economic development onshore.    These will be carried out with the local economy benefitting from employment, duties and taxes, ancillary goods and services and capacity-building.

READ MORE  https://oilnow.gy/featured/multi-billion-dollar-port-of-vreed-en-hoop-facility-in-the-works/

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Comments

  • Dennis Albert  On 07/31/2021 at 9:20 pm

    15 billion barrel oil & counting…

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