Finance Minister Dr. Ashni Singh has expressed the Government of Guyana’s desire to attract more major French companies to establish a presence in Guyana, positioning the country as a gateway to Northern and Northeastern South America and the Caribbean.
Dr. Singh made the remarks while delivering the feature address at a visiting French Business Mission led by the Mouvement des Entreprises de France (MEDEF), which is in Guyana exploring opportunities for trade, investment and commercial partnerships.
The mission was organised by the Chamber of Commerce and Industry of French Guiana through Team France Export Antilles-Guyane and is engaging government officials and private sector leaders.
During his address, Dr. Singh highlighted the longstanding relationship between Guyana and France, while expressing the Government’s appreciation for the opening of the Embassy of the French Republic in Guyana, describing it as an important signal of France’s commitment to strengthening bilateral relations.
He also outlined Guyana’s rapid economic transformation, noting that the country is currently producing approximately 920,000 barrels of oil per day.
According to the Finance Minister, the anticipated start-up of an additional offshore production platform before the end of 2026 is expected to increase production to approximately 1.1 million barrels per day, with output projected to reach 1.5 million barrels daily by the end of the decade.
Dr. Singh emphasised that Guyana’s economic trajectory presents significant opportunities for major international companies, encouraging them to establish relationships and invest in the country now.
Meanwhile, French Ambassador to Guyana, His Excellency Olivier Plançon, reaffirmed France’s commitment to strengthening trade and investment relations while promoting sustainable economic development.
