Guyana Considers Trinidad Refining Deal

President Dr Irfaan Ali has signalledGuyana’s interest in exploring a partnership with Trinidad and Tobago that could see Guyanese crude oil refined in that country, as part of a broader push for regional energy integration.

Speaking at the annual business meeting and outlook for 2026/2027 hosted by the T&T Chamber of Industry and Commerce at the Hyatt Regency, Port-of-Spain, Ali indicated he intends to engage directly with that country’s government on the possibility of utilising its existing but underused refinery infrastructure. The proposal would allow Guyana’s oil to be processed within the Caribbean rather than exported solely as raw crude.

Ali said such a move could help create additional value from Guyana’s growing oil production while supporting regional energy security.

The initiative forms part of a wider strategy that includes closer collaboration on gas development across borders. Ali outlined a vision in which resources from the Guyana-Suriname Basin could be linked with Trinidad and Tobago’s established downstream facilities, creating new opportunities for investment and industrial growth.

He stressed that the changing global energy landscape requires faster and more coordinated action, noting that delays could carry economic consequences. According to the president, deeper integration between Caribbean energy producers is becoming increasingly necessary.

While no formal agreement has been announced, Ali confirmed discussions are expected to take place with Trinidad and Tobago on both oil refining and gas cooperation.

He also underscored the importance of private sector involvement, saying regional businesses must adapt to remain competitive in a global market. Issues such as inefficiencies in trade processes and energy pricing were identified as challenges that need to be addressed.

Beyond oil and gas, Ali emphasised that energy resources should be used to support broader economic development, including manufacturing and long-term diversification.

The president also noted that oil exploration activity in Guyana remains ongoing, with several international companies involved. However, he said the focus must extend beyond production to ensuring that resources contribute to sustained econ=omic expansion.

Ali maintained that regional collaboration, supported by strategic investment and improved efficiency, will be critical to shaping the future of the Caribbean energy sector.

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