Guyana’s oil money could add up to over $100 billion by

  • Published on: May 18, 2021 - 5:14 AM
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Guyana’s oil money could add up to over $100 billion by By Vishani Ragobeer Guyana’s Natural Resources Fund (NRF), which holds the revenues earned by the country from the sale of its share of oil being produced offshore, could increase to US$500M (or GY$104.5 billion) by the end of 2021, according to the quarterly bulletin of the Inter-American Development Bank (IDB). The IDB noted that the prospect of further oil discoveries continues to improve prospects for Guyana in the medium-term; oil giant ExxonMobil has already updated its development plans for its operations at the giant oilfield called the Stabroek Block. Already, the IDB highlighted th …
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