A TEAM from the United States (US) Embassy and Deloitte Advisory met yesterday with Prime Minister Moses Nagamootoo to discuss regulatory planning for the Oil and Gas sector.A statement from the Prime Minister’s office notes that the United States has pledged funding for expanding capacity in the Oil and Gas sector under the Energy Governance and Capacity Initiative (EGCI).

It was noted also that EGCI is a US Department of State-led inter-agency effort to provide a wide range of technical and capacity-building assistance to the host governments of selected countries that are on the verge of becoming the world’s next generation of oil and gas producers.

According to the release, the team will work closely with the Prime Minister, who has oversight of governance matters; the Ministry of Natural Resources, within whose ambit rests responsibility for oil and gas; and various State agencies and ministries.