Guyana’s oil account now at US$534m

Liza Destiny

uyana last month received US$80.4M for its latest one million barrels of oil which took its balance in an American bank account to US$534,016,987.03.

The last amount takes the revenue to date from oil sales, royalties and interest to some $111,342,541, with another lift expected this month and which will cap this country’s total lifts to five for 2021.

The Ministry of Finance and the Bank of Guyana have made public the totals to date on their websites, giving the sum in Guyana and United States dollars.  A rate of G$201 to US$1 was used in the conversion.