As the global price for crude oil continues to rise steadily, Guyana has received the highest rate since petroleum production began offshore in December of 2019, averaging US$61 per barrel on its latest and fifth lift of one million barrels.
Government yesterday also announced that over US$267m has accrued to the country inclusive of royalty. The government said that this money was “received into the Natural Resources Fund Account”.
“On February 05, 2021, 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,” the Ministry of Natural Resources said in a statement.
