The oil sector in Guyana is expected to generate around 6.5 billion dollars this year, according to the semi-annual report. Crude oil exports have reached over 15 billion dollars, with a significant increase in production and prices. The growth of the oil sector, which is expected to reach 24.2% this year, contributes to a real GDP expansion of 33.3%. The government also anticipates significant withdrawals from the Natural Resource Fund.
Guyana: Oil revenues exceeding 6 billion dollars expected by 2026
This article was updated at 14:55.