Guyana’s burgeoning oil-and-gas-sector continues to pump finances into the country’s Natural Resources Fund, with some US$61,090,968 being earned from the sale of the nation’s fifth oil lift.
Guyana’s Government, in keeping with its commitment to accountability and transparency in the petroleum sector, has announced that the country received its latest payment after the sale of 997,420 barrels of oil.
The nation, new to the petroleum sector, sold its first one million barrels of crude on February 19th, 2020, raking in nearly US$55 million. In its second million-barrel sale, the country received US$35 million, US$46 million as proceeds from the sale of its third million-barrel of crude, and US$49.3 million from its fourth oil lift.
Based on a consolidation of all the lifts to date, the country has sold over five million barrels of oil valuing US$246,542,662.
