Diaspora capital fuels US$250M expansion of Guyana’s oil support services

The Guyana Office for Investment (GO-Invest) recently facilitated a major US$250 million diaspora-funded private sector investment with the TriStar Shore Base and Energy Terminal, a project aimed at strengthening the country’s oil and gas support infrastructure.
Led by US-based Guyanese investor Kris Persaud, the initiative is among the largest diaspora-financed investments in Guyana to date. Phase One, valued at US$100 million, is now operational, featuring 320 metres of quayside with a seven-metre draft. Phase Two, with an estimated US$100 million investment, is expected to be completed in the second quarter of 2026, followed by a US$50 million Phase Three by year-end.
Located on the West Bank of Demerara, the facility operates 24 hours a day, servicing offshore oil and gas activities, containers, and general cargo vessels. It is engineered to handle heavy offshore cargo, with dock platforms tested to 86 tonnes per square metre and land infrastructure built to withstand 40 tonnes per square metre – specifications uncommon in the Caribbean. Future phases include a container terminal with 5,500 TEU capacity, roll-on roll-off facilities, an inland container depot, and logistics infrastructure across 300 acres in the Tristar Gateway Park.
GO-Invest head and Chief Investment Officer Peter Ramsaroop, MP, said the investment reflects strong confidence by Guyanese abroad in the nation’s economic trajectory. “This project combines diaspora capital with structured local capacity development, ensuring Guyanese workers and enterprises benefit meaningfully from growth in the energy sector,” he said.
Germany-based Martrade and logistics specialists 3PL are managing early operations while training Guyanese personnel in line with the country’s Local Content Framework. Long-term objectives include full local management of the facility, skills transfer, and employment creation.
President Mohamed Irfaan Ali highlighted the investment as part of a broader strategy to transform Guyana’s maritime and logistics sector into a competitive regional hub. Officials said the facility will reduce reliance on external logistics hubs, enhance local service of offshore operations, and anchor Guyana’s role in regional maritime activity, while supporting broader economic diversification and prosperity.