Business Minister satisfied with progress made in petroleum sector

first_img…despite Opposition’s criticisms of Govt’s unpreparednessSince the discovery of oil and gas in Guyana, there has been much debate and discussion surrounding the slow pace at which Government is looking to implement policies to guide how revenues are spent from this new-found natural resource.But Business Minister Dominic Gaskin feels Government has been doing its best to prepare for this sector. As such, he told a recent forum that he is pleased with the progress the coalition has made but said it is now left up to Guyanese to make use of the opportunities available in the sector.“Everything may not be perfect, and I don’t think anyone is saying that it is, I am certainly not saying that everything is perfect, but what I am saying is, that I’m satisfied with the progress that has been made in the petroleum sector since the announcement of the discoveries in 2015 and to date.”The Minister said he is also satisfied that some Guyanese are already benefiting from the sector and many more Guyanese will most likely benefit once oil production begins in 2020.“I’m also satisfied that our Government is doing everything it can to ensure that Guyanese, not just now but for generations to come will benefit from Guyana’s oil,” he stated.According to Gaskin, with the circulation of oil money in Guyana through local procurement, local employment, and through local spending by expatriate employees, contractors, consultants and other professionals, Guyana’s economy will experience significant growth.“Should we try and maximise the benefits that Guyanese will enjoy from oil andBusiness Minister Dominic Gaskingas? Of course! There is more than one way to achieve this…of course, there is,” he added, noting that while some people are questioning Government’s approach, others and taking advantage of the opportunities.However, he said it is unfortunate that many are not, because they are caught up and distracted by the negative rhetoric coming from a handful of what he described as self-appointed experts, many of whom are quietly positioning themselves to benefit from the industry.“Some of them want to get there first because little competition is possible and that therefore happen to see Guyanese disenchanted with the prospect of oil, he explained adding that many Guyanese still live below the poverty line and they too must benefit from the oil resources.“…They (the poor) are looking forward to oil production. They are depending on Government to make the right decisions for their future and their children’s future. I want to assure you all that this is what our Government will do and we will ensure that every Guyanese benefit,” he stated.He added that the prospect of oil production has created quite a buzz in Guyana as well as outside of Guyana, noting that he believes “it’s generally a good thing for us, in fact, the actual news is extremely positive, the discovery so far and the outfield development, the development of the production vessel and the shore-based activity, it’s all very good news for Guyana and we need to turn it into positive outcomes.UnpreparednessWith just two years to go before first oil, Opposition Leader Bharrat Jagdeo has said Government has not made any substantial plans for the oil sector. Jagdeo has urged the coalition to formulate a national oil spill policy as a priority, and said the other key legislations are still not in place.“I’m saying to you, if we don’t address these critical issues, if we don’t address the rest of the economy, Guyana will be worst off in the next decade than we are now. You read the experience of many of those countries. Check the assessment of Chad and Nigeria and Venezuela and all those places. And just hear where they are today,” Jagdeo urged at one of his press conferences. Further, Jagdeo said, “They were supposed to get the Sovereign Wealth Fund to protect our interest and they failed on that. They failed on the Petroleum Commission. They failed on local content. It’s the same pattern. They’re failing to address this issue in a manner that protect Guyana.”However, Jagdeo made it clear to reporters that his position on the state of preparedness for the new industry was at variance to what is contained in the Government publication. “We still haven’t gotten the Petroleum Commission, no local content legislation, no Sovereign Wealth Fund, no decision on whether they will auction the blocks… but all the measures are in place for 2020,” he said.Some stakeholders and sections of the society in Guyana have said that preparations for first oil should have been at a more advanced stage since the country is less than two years away from production. Government has however maintained that all systems will be in place in time for 2020.last_img read more


More than just Turkey

first_imgSource = roomsXML More than just TurkeyMarcus Falay is living proof that travel agents can prosper outside of the retail space.  I met Marcus about five years ago at a networking group, identified a mutual friend and as he works around the corner, we regularly catch up and discuss business, innovation and entrepreneurship.Being a Turkish native with family still in Turkey, Marcus spent years putting together one of the most audacious plans for the hundred year anniversary of Gallipoli in 2015. He then took a year “off” to grow the wholesale side of the business.His next direction? Read on….So last year you put a few hundred people on a boat in Gallipoli…. How did that go?It was just about 600 people who we treated to a centennial experience of a lifetime.Of the 600, nearly 200 Lucky Ballot holders made it to Anzac Cove itself, while the remaining guests had their very own, live-feed Anzac Dawn Service at the waters of Gallipoli onboard the Luxury Azamara Journey. Former Governor Generals of Australia & NZ, Dr Peter Hollingworth and Sir Anand Satyanand were onboard during the service, and in turn serenaded by world famous Soprano Dame Malvina Major sang WW2 songs .So if this doesn’t cement you as a Turkey expert, nothing will. But you’ve decided to broaden your horizons?For years we have specialised in Turkey in Small Group Tours, F.I.T and gulets. Business is grown via referrals, we started wholesaling because of volume that we could generate with us and our customers. Returning happy clients often ask us if we do the same to other destinations.So today, we’ve taken the experience and extended our Small Group and F.I.T. travel arrangements.Turkey is always our number one destination but we are extending to cover some of the Silk Road including Greece, Bulgaria, Croatia, Serbia, Slovenia, Montenegro, Bosnia, Morocco, Jordan, Iran, Turkmenistan, Uzbekistan and Azerbaijan.A wholesaler that retails… How do you earn the trust of travel agents who might be dubious?We have developed unique systems to ensure that agents are feeling protected 1) T.A.P.S (Travel Agency Protection Scheme) Travel agents may refer their clients to us and we will take care of all the arrangements. Upon final payment from clients, we send the FULL commission to the referring agent. This cost agents nothing 2) The More You Book The More You Earn is a simple way of earning more commission and our way of saying thank you for staying loyal with us.Per Calendar Yearfirst booking is 12% commissionnext 13%the one after 14% and so son.Your fifth of more booking is capped at 16% commission with us.So if Turkey and beyond is the word, how are you spreading the word?We run special deals, some of our tours and destinations get seasonal discounts and commission boosts. We also offer tour leader options to our agents if they wish to put their very own exclusive itinerary just for their agency.Return airfares and cost of tour is included, so a famil without any taxes and surcharge costs. roomsXML.comdiscover more here Connect TodayroomsXML.com center_img roomsXML connect today here www.roomsxml.comlast_img read more