Latest update April 3rd, 2026 12:35 AM
US$565M pours into oil fund in 3rd quarter 2025
(Kaieteur News) – The Natural Resource Fund (NRF), Guyana’s oil account, was boosted with approximately US$565M during the third quarter of 2025.
Finance Minister, Dr. Ashni Singh
This is according to an NRF Receipt published by the government of Guyana (GoG), for the period July 1, 2025 to September 30, 2025. The document reflects one royalty payment relative to the second quarter of this year which amounts to US$77,860,330.36.
Meanwhile, eight profit oil payments were recorded during the period, totalling US$486,672,093.33. This means Guyana received a total of US$564,532,423.69 during the three-month timeframe.
So far, close to US$1.8B has flowed into the oil account for the year. In the first quarter of this year, the Fund received payments totaling US$605,462,893. Meanwhile, in the second quarter of the year, another US$617,955,248 was deposited into the account.
Government is projected to earn an estimated US$2.2 billion in profit oil and US$340.6 million in royalties by the end of 2025.
It is anticipated that there will be 246 lifts of profit oil from the Stabroek Block in 2025- each lift is equivalent to one million barrels of oil. Within this, Government is projected to have 31 lifts of profit oil from the four Floating Production Storage and Offloading vessels (FPSOs) currently operating offshore Guyana.
Earlier this year, Finance Minister Dr. Ashni Singh tempered the expectation of Guyanese with regard to revenue flow from the sector. During the presentation of Budget 2025, he indicated that although Guyana’s daily production is expected to climb, the country will see a decrease in earnings from the sector, as a result of a projected 10.9% decline in oil price.
He said, “Oil prices contracted by 2.3 percent to average US$80.7 per barrel in 2024, primarily due to slowing global demand, particularly in China.”
The Minister was keen to note that this trend is expected to continue this year as “crude oil prices are forecasted to decline by a further 10.9 percent to US$71.9 per barrel, with global supply expected to exceed demand.”
Consequently, he explained that Government’s petroleum revenue deposits are projected to be 2.6 percent lower than in 2024.
Kaieteur News reported that in 2024, an average of 225.4 million barrels of crude oil was produced, with the sector recording 57.7% growth that year. At an average oil price of US$80.7 per barrel in 2024, Guyana earned US$2.6B from oil production.
In accordance with the 2016 Production Sharing Agreement (PSA), Guyana receives 2% of oil produced sold in the Stabroek Block. It also receives a profit share, equivalent to 12.5% after ExxonMobil deducts 75% monthly towards expenses and takes another 12.5% as its profit.
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