GOGEC, CAMPETROL sign MOU to strengthen energy cooperation between Guyana and Colombia

See below the full statement issued: 

Mr. Manniram Prashad, President of the Guyana Oil and Gas Energy Chamber (GOGEC) and Mr. Nelson Castañeda Barbour, Executive President of the Colombian Petroleum, Gas, and Energy Chamber (CAMPETROL) have signed a Memorandum of Understanding (MOU) to foster collaboration in the oil, gas, and energy sectors.

By signing a Memorandum of Understanding (MOU), GOGEC and CAMPETROL have committed to enhancing trade relations, knowledge exchange, investment opportunities, and capacity-building initiatives between Guyana and Colombia.

The MOU outlines key areas of cooperation, including:
a)  Knowledge Sharing: Exchange of industry reports, regulatory insights, and market trends.

1. b) Investment & Trade Promotion: Organizing business forums, trade missions, and networking events.
   c) Capacity Building: Hosting training programs, seminars, and workshops for industry professionals.
   d) Technical Collaboration: Partnering on research and development for sustainable energy solutions.
   e) Policy Advocacy: Working together on policy recommendations to support a strong and sustainable energy sector.

“This partnership with CAMPETROL aligns with GOGEC’s mission to create global linkages and drive opportunities for local companies. Colombia’s expertise in the energy sector presents valuable learning and collaboration opportunities for Guyana as we continue to expand our oil and gas industry,” said Manniram Prashad, President of GOGEC.

CAMPETROL’s representatives also emphasized the importance of this alliance, stating that it paves the way for cross-border investments and technological advancements that will benefit both nations’ energy industries.

As part of the agreement, both organizations will establish working groups to implement joint initiatives and hold periodic meetings to track progress and explore new areas of cooperation.

The signing of this MOU is a step toward fostering a dynamic and sustainable energy sector for Guyana and Colombia, leveraging the strengths of both countries for mutual growth.