Local start-up companies urged to take part in Petroleum Summit

The organisers of the second Annual Guyana International Petroleum Business Summit and Exhibition (GIPEX) are inviting local start-up companies to participate.

A number of international and regional companies are expected to exhibit their products and services. The organisers Friday revealed at the launch of the Summit that 85% of the exhibition space has already been allocated.

The organisers of the event include Valiant Business Media, the Department of Energy, the Guyana Office for Investment and the Private Sector.

said they have space for a total of 90 exhibitors and so far 85% of that space has already been allocated.

The Summit will last for three days from November 20 to 22 at the Marriott Hotel and will include a number of panel discussions on the oil and gas industry and international, regional and local exhibitors.

“You can expect exciting topics to be discussed over those three days for our panel discussions,” Mr AbdulHai said.

The Managing Director noted that the interest in the Summit has increased.

“For the local companies this year we decided to encourage their participation and also we cater for some of the needs, because we figure they are a lot of startups that have come into play since last year and we are looking to subsidize some of the rates, especially for the starts up who can come in and see how they can be part of this journey,” Mr AbdulHai said.

Students and youths are also being invited to attend the Summit, however, only the final day will be open to the public.

“Anyone who has interest in Guyana’s oil and gas sector is most welcome to come along and meet our exhibitors and see how they can get involved in the sector,” Mr AbdulHai said.

Director of Energy, Dr Mark Bynoe said that the Petroleum Summit will not only bring opportunities to oil and gas, but also to the hospitality and tourism sector and the logistics and transportation sector.

“This is an exciting time, as we continue to seek foreign direct investment that can both expand job opportunities, investment opportunities and further economic growth for our country,” Dr Bynoe said.

Dr Bynoe is encouraging Guyanese to support the Summit and to also seek how they can benefit.

Meanwhile, representative of the Georgetown Chambers of Commerce and Industry, Richard Rambarran said they are looking forward to creating new business partnerships.

It was noted that five local companies signed joint ventures at the inaugural GIPEX in 2018.