This document presents the Local Content Act of 2021 from Guyana. The Act establishes requirements for local content participation in contracts for goods and services in Guyana's petroleum sector. It requires contractors to submit annual local content plans and reports, and outlines penalties for non-compliance. The Act aims to increase local employment, training, and business opportunities through participation in Guyana's growing petroleum industry. It gives regulatory powers to the Local Content Secretariat to monitor compliance and promote local content development.
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22943-Act No. 18 of 2021
This document presents the Local Content Act of 2021 from Guyana. The Act establishes requirements for local content participation in contracts for goods and services in Guyana's petroleum sector. It requires contractors to submit annual local content plans and reports, and outlines penalties for non-compliance. The Act aims to increase local employment, training, and business opportunities through participation in Guyana's growing petroleum industry. It gives regulatory powers to the Local Content Secretariat to monitor compliance and promote local content development.