Guyana Owes Itself Oil Profits

Guyana’s oil revolution just hit a major milestone: all seven projects’ costs are fully repaid, clearing the final $4.5 billion debt. With oil prices at $80 a barrel and daily production hitting 900,000 barrels, the country’s windfall is now massive—over $12 billion generated since January, enough to cover the debt and more. Citizens are demanding the government immediately claim its 50% profit share, frustrated by years of a 75% cost recovery clause that starved Guyana of revenue. If the government delays, the public vows to mobilize and ensure Guyana gets its fair cut from the Stabroek Block. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bbfe2be54ff1e28b