Guyana received nearly US$213 million (GY$$44 billion) in oil revenues in August, according to the latest Natural Resource Fund (NRF) report published by the Bank of Guyana. The inflow reflects payments for an estimated three cargoes, each about one million barrels.
With these sales, Guyana has received payment for 23 government cargoes produced and sold in 2025 so far. The cumulative total from oil sales this year has climbed to more than US$1.26 billion (GY$263 billion). This figure also accounts for two cargoes produced in the final quarter of 2024 but paid into the NRF in January 2025.
Royalty inflows have also been significant. Between January and August, the government collected US$163.3 million (GY$34 billion) in royalties from 2025 production. When including the royalty received in January for crude produced in late 2024, total royalty deposits for the year amount to approximately US$248 million (GY$52 billion).
The NRF continues to build as inflows mount. By the end of July, the fund’s balance had risen to more than US$3.6 billion (GY$761 billion), offering a significant cushion for public spending as Guyana navigates its rapid transformation into a major oil producer.
Oil production remains strong. Average daily output for the first 10 months of 2025 was 643,000 barrels per day (b/d), with June and July averaging 664,000 b/d. With production ramping up at Yellowtail, output is set to balloon in the coming months. All production is from the offshore Stabroek Block, operated by ExxonMobil, in partnership with Hess, acquired by Chevron, and CNOOC.
Guyana’s Oil Ledger offers analyses of the latest oil production data and government oil fund receipts, published typically on a fortnightly basis. The column is authored by Kemol King, a journalist specializing in Guyana’s oil and gas sector.
