Russia keen on natural resources cooperation with Guyana

Georgetown : Russia and Guyana are set to cooperate in the areas of natural resources development and environmental management. Today, the Minister of Natural Resources and Environment of Guyana, Robert Persaud met with his counterpart from the Russian Federation, D.G. Khramov in Moscow, where they explored areas of possible cooperation between the two Ministries and related agencies.

The areas identified for cooperation include technical support in mining especially in the use of new technology to improve recovery; sharing of experiences in the wider extractive industries including oil and gas; balancing natural resources development with environmental management.

It was agreed that the two sides will develop and consider a Memorandum of Understanding to serve as the framework for cooperation. Minister Persaud urged for training opportunities in mining and oil and gas, as well as Russian experts being deployed to Guyana to support the growing extractive industry.

The Russian Minister noted that Russian companies are keen on doing business in Guyana, however he urged the Government of Guyana to continue to ensure the necessary enabling support is provided.