In 2019, Guyana earned some $68.3 billion from the extractive sector, with the majority of that amount coming from the oil and gas industry, the recently released 2019 financial report of the Guyana Extractive Industries Transparency Initiative (GYEITI) states.
This is the third such report produced by Guyana under the EITI scheme and was released yesterday. The report was submitted to the international EITI Board on May 30, 2022.
In a statement, the GYEITI Secretariat said that total revenues received from the extractive sector amounted to $68.30 billion in 2019 with the Guyana Revenue Authority (GRA) accounting for 72% of the total revenue streams generated by the sector.
