Guyana to supply up to 20% of India's crude oil needs

Guyana's High Commissioner, Dharamkumar Seeraj, stated the country is prepared to meet a portion of India's crude oil demands. He noted that Guyana's oil reserves and India's refining capacity could form a strategic energy partnership.

Seeraj mentioned that Guyana has a proven reserve of approximately 12 billion barrels and could supply about 20% of India's daily crude requirements. He emphasized the potential for downstream infrastructure development.

The High Commissioner highlighted discussions with Indian government agencies and private entities about setting up refineries to process Guyana's crude oil. He also mentioned the possibility of a refuelling hub for marine and ecosystem purposes.

Seeraj pointed to India's Prime Minister's 2024 visit to Guyana as a catalyst for economic collaboration. He noted that the visit sent a clear signal of mutual interest and partnership between the two nations.

External Affairs Minister S Jaishankar recently met with Antigua and Barbuda's Prime Minister, discussing ways to expand cooperation in trade, investment, renewable energy, and food processing.

Jaishankar conveyed Prime Minister Modi's greetings to Antigua and Barbuda's leader and congratulated him on hosting the CHOGM 2026 meeting. The meetings align with India's efforts to strengthen economic ties in the Caribbean region.