Refinery and better oil deal

Aug 29, 2026 Editorial, News

(Kaieteur News) – President Irfaan Ali is right about one thing: Guyana cannot continue producing millions of barrels of crude oil while importing virtually all of its refined petroleum products and pretending that this is a secure energy position.

“We cannot have crude oil and not have security of supply,” the President said recently, arguing that a refinery and adequate fuel storage would provide Guyana with greater protection against global shocks. We agree. A refinery, coupled with meaningful strategic fuel reserves, could provide a measure of energy security, reduce exposure to international price disruptions and potentially position Guyana as a supplier of refined products to the Caribbean.