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Guyana Crude Exports Hit 15 Billion Dollars in 2026

By Markets Desk · 2026-09-16 · 2 min read
A large floating production, storage and offloading vessel anchored in deep blue ocean waters
Illustration: Tradingbird

Crude oil earnings surged 82.1% to 15.05 billion dollars in the first half of 2026.

Guyana earned 15.05 billion dollars from crude oil exports in the first half of 2026. This figure represents an 82.1 percent increase compared to the same period last year. Total export earnings for the country rose 76.4 percent to reach 16.2 billion dollars. The surge was driven by higher production volumes and stronger global prices.

Oil export volumes increased by 40 percent during the first six months. Average crude oil prices rose by 28.9 percent. The combined effect pushed the national petroleum sector into a phase of sharp expansion. This marks a significant jump in revenue for the Caribbean nation.

Production capacity expands significantly

Guyana produced 163.3 million barrels of crude oil between January and June. This volume is up from 115.7 million barrels in the corresponding period of 2025. Average daily production increased from 639,000 barrels to approximately 902,000 barrels.

Four floating production, storage and offloading vessels operated simultaneously in the Stabroek Block. This was the first full six-month period with all four units active. The One Guyana vessel began production in August 2025. Its contribution helped drive the overall volume increase.

Government revenue projections rise

The government projects petroleum deposits of 6.5 billion dollars for the full year. This is a 136.8 percent increase from the initial budget estimate. Of this amount, 5.97 billion dollars is expected from profit oil sales. An additional 508.1 million dollars is expected from royalties.

The revision reflects higher crude prices and increased production. Officials now anticipate 326 total profit-oil lifts from the block. The government is expected to receive 84 of these lifts. This is a significant change from the original plan of 309 total lifts.

Economic growth accelerates broadly

Real gross domestic product expanded by an estimated 33.3 percent in the first half. The non-oil economy grew by 10.1 percent. Construction, services, and mining led this broader economic activity. Overall growth for 2026 is projected at 20.8 percent.

The Natural Resource Fund held a balance of 4.29 billion dollars at the end of June. This included 66.9 million dollars in interest income. The fund saw withdrawals of 1.02 billion dollars during the first half. The government projects further withdrawals of 2.37 billion dollars for the full year.

Based on reporting by Caribbean National Weekly, compiled by the Tradingbird desk.

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