During the period January to June 2024, the Guyana Government received US$1,220.6 million as revenue from its share of profit oil from thirteen of the fifteen lifts that occurred in the first six months of this year and two lifts that occurred in the final quarter of 2023.
This is according to the Mid Year Report released by the Ministry of Finance yesterday.
It said that the Government also received US$162.4 million in royalties related to production and sales from the final quarter of last year and the first quarter of this year. In July, Government received US$167.6 million as profit oil payments for two Government lifts that were executed in June. The cumulative balance, inclusive of interest income of US$64.1 million, at the end of June was US$2,870.6 million, after withdrawals of US$550 million.