With an average payment of about US$46 per barrel of oil, Guyana this week received US$46M for its third 1M barrels of oil entitlement and this reflects an increase of more than US$10 dollars per barrel than it received on its last lift.
The total amount US$46,046,937 was deposited into its Sovereign Wealth Fund being held in a United States Bank of America account, Minister of Natural Resources Vickram Bharrat yesterday told Stabroek News.
“It is good price given when we look at the hit the global oil market has taken from the effects of the coronavirus pandemic. We were also paid faster,” he said.