In a very productive discussion with HE Vickram Bharrat, Minister for Natural Resources

Feb 08,2024

In a very productive discussion with HE Vickram Bharrat, Minister for Natural Resources, Guyana we discussed how India will be the demand centre for oil in the coming decades accounting for about 25% of global energy demand growth between 2020-2040 presenting significant opportunities for collaboration between India & Guyana

Hydrocarbon trade between our countries witnessed a phenomenal growth in 2021-22 reaching an all-time high of USD 149 million with the start of crude oil sourcing from Guyana by Indian refiners.

We discussed ways to build on this to further expand & cement our ties to cover other aspects of the energy sector including power plants, infrastructure & capacity building.