Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million barrels) in June, bringing total crude oil sales for the year so far to approximately US$1.05 billion (GY$219.7 billion).
The June cargoes each earned between US$63 million and US$64 million (GY$13.1 billion – GY$13.4 billion), reflecting prices in the $60 per barrel range.
Royalties received this year amount to US$169.6 million (GY$35.4 billion), representing payments for crude produced in the fourth quarter of 2024 and the first quarter of 2025. Considering royalties for crude produced in 2025 only, Guyana has received 25% of the approximately US$341 million (GY$71 billion) it expects in 2025 royalties.
Combined with oil sales, total oil revenues received by the government in the first half of 2025 now stand at approximately US$1.22 billion (GY$255 billion).
The government withdrew another US$400 million (GY$83.4 billion) from its oil fund in June, taking total withdrawals so far this year to US$1.2 billion (GY$250.2 billion) – nearly 50% of the US$2.463 billion (GY$513 billion) approved by Parliament for withdrawal in 2025. Previous drawdowns included US$400 million each in the first quarter and in April. No withdrawals were reported for May.
