Government’s Local Content Bill is proposing a GY$50 million penalty for oil companies and their sub-contractors who breach the Act. In the document which was tabled in the National Assembly on Thursday, under subheading ‘offences and penalties’, a person who carries out petroleum operations without the minimum local content requirements, is liable to a fine […]Government’s Local Content Bill is proposing a GY$50 million penalty for oil companies and their sub-contractors who breach the Act. In the document which was tabled in the National Assembly on Thursday, under subheading ‘offences and penalties’, a person who carries out petroleum operations without the minimum local content requirements, is liable to a fine […]