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Guyana oil revenue climbs to over US$267 million

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OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

Guyana’s Ministry of Natural Resources announced on Wednesday that payment for the fifth oil lift was received into the Natural Resources Fund Account.

On February 5, 997,420 barrels of oil were lifted from Liza Destiny with a value of US$ 61,090,968.03 with a grand total to date of 5,009,797 barrels of oil worth US$ 246,542,662.

Inclusive of Royalties the total in the Natural Resources Fund Account now stands at US$267,668, 709.12.

See details below:

“The Government of Guyana through the Ministry of Natural Resources is committed to providing updates on oil lifts and sales as may be necessary to ensure all stakeholders and members of the public are informed,” MNR said in a statement.

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