This agreement on refined fuels could also serve northern Brazil and the region in general, according to the Stabroek News digital newspaper.

Guyana’s President Irfaan Ali emphasized the importance of infrastructure development to drive national growth, as this initiative aligns with Guyana’s broader energy expansion plans.

The nation aims to establish an oil refinery capable of processing 30 thousand barrels, and in the future to have a similar facility to produce 50 thousand barrels jointly with the Dominican Republic with whom there is already a Memorandum of Understanding.

“The Curlew Midstream project involves the construction of a state-of-the-art local fuel storage facility capable of holding 750,000 barrels of gasoline, diesel, jet fuel and heavy fuel oil,” the source detailed.

Once operational, the enclave is expected to supply 100% of Guyana’s domestic refined fuel needs while allowing exports to Caribbean Community countries.

This agreement will facilitate the importation of refined fuels from the United States for local storage and distribution.

The agreement is expected to create advantageous pricing conditions that may significantly lower wholesale and retail fuel prices in Guyana..

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