Guyana's Oil Boom: From Poverty to Prosperity
Update: 2025-11-25
Description
Guyanas rapid transformation into a major oil producer, driven by the Stabroek Blocks discoveries, has brought significant wealth to the nation. With production reaching 900,000 barrels per day by November 2025, Guyana is now South Americas third-largest oil producer. Four more projects are in development, aiming to boost output to 1.7 million barrels per day by 2030, making Guyana the second-largest oil producer in the region.
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