Grenada Hopes To Find Oil, Eyes Rapid Development Like Guyana

• Grenada is hoping to find commercial oil and gas resources that can be used to develop the island. If successful, the country’s recently elected Prime Minister Dickon Mitchell believes that Grenada can learn from the rapid development of Guyana’s oil and gas industry.
• Prime Minister Mitchell, said there are several key priorities his government is pursuing. Among those is the development of the country’s oil and gas industry, since there were some promising finds in the past.
• Grenada is already partnering with Trinidad and Tobago (T&T) to allow the Twin-Island Republic to search for hydrocarbon resources in their shared maritime space. With Grenada eyeing oil and gas development, the country could become part of a regional energy strategy.

(Source: Newsroom)