Guyana received payments from the sale of two profit oil lifts in August 2023, amounting to GY$34.66 billion (approximately US$166 million).
A Bank of Guyana report for the financial position of the Fund on August 31, 2023 did not disaggregate the sale prices for each lift.
The Fund also recorded an outflow of GY$20.85 billion (approximately US$100 million) in August, representing a withdrawal by the Ministry of Finance for spending in the government’s 2023 national budget.
Ali expects US$10 billion in annual inflows to Guyana oil fund by 2030 | OilNOW
The Fund therefore closed the month with GY$403.25 billion (approximately US$1.93 billion).
The Finance Ministry announced that a withdrawal of US$100 million was also made in September, but that will be reflected in the subsequent September report for the Fund at the end of the month.
