Tag Archives: oil revenues – Guyana

GUYANA: Half-year earnings from oil exceed US$1B

Guyana Chronicle –
Guyana’s oil resources could further double by 2025 (HESS Corp. photo)
Guyana’s oil resources could further double by 2025 (HESS Corp. photo)

EVEN as Guyana continues to discover more oil, the country’s petroleum earnings continue to get bigger and bigger. So much so that by the end of the first half of 2021, exports from the industry surpassed US$1.2 billion. This marks a significant growth, since the oil earnings for the corresponding period last year stood at only US$438.4 million.

This outturn, according to a recently released mid-year report, can be attributed to both an increase in the volume and average export price of crude oil over the review period.            Continue reading

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