The government has confirmed that a payment of over US$79 million was received into the Natural Resources Fund (NRF) account for Guyana’s seventh oil lift.
In a statement, the Ministry of Natural Resources announced that on July 3, 2021, a total of 1,047,820 barrels of oil, with a value of US$79,617,561.87, was lifted from Liza Destiny FPSO offshore Guyana.
The last 1 million barrels of oil was lifted by the Indian Oil Corporation in July. Guyana learnt of the development through a Tweet from the High Commission of India despite the government’s continued promises of transparency in its management of the sector.