Guyana has recently received payment for its seventh oil lift, to the tune of US$79.6 million, the largest single oil payment the country has received to date.
In a statement issued on Monday, Guyana’s Ministry of Natural Resources said that the aforementioned payment was for 1,047,820 barrels of oil, which was extracted from the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel on July 3rd, 2021.
The seventh oil lift brings Guyana’s oil extractions to a grand total of 7,056,262 barrels, and accumulative earnings of over US$388 million.
Guyana’s Minister of Natural Resources, Vickram Bharrat on Monday informed the 31st Sitting of their National Assembly that this amount, plus royalties, put the total in the Guyana’s Natural Resources Fund (NRF) to US$436 million, which remains untouched.
