US$2.4 Billion withdrawn from Oil Fund in 2025 to finance Government programmes and projects

US$2.4 Billion withdrawn from Oil Fund in 2025 to finance Government programmes and projects

Guyana’s Natural Resource Fund (NRF) had a balance of US$3.250 Billion at the end of 2025, Senior Minister with responsibility for Finance, Dr Ashni Singh disclosed today as he presented the 2026 National Budget to the National Assembly at the Arthur Chung Conference Centre.

He told the House that Government withdrew US$2.463 Billion from the Fund in 2025 to finance a number of projects and programmes that were outlined in the 2025 Budget.

“Mr. Speaker, in keeping with stipulations in the NRF Act 2021 and approvals granted by this Honourable House, US$2.463 billion was withdrawn to finance national development priorities in Budget 2025. At the end of 2025, the balance in the NRF, inclusive of interest income and net of withdrawals, stood at US$3.250 billion,” Minister Singh reported.

It was further explained that in 2025, there were 260 lifts of crude oil from Guyana’s four producing Floating Production, Storage, and Offloading (FPSO) vessels, inclusive of a combined inaugural lift from the One Guyana FPSO.

“There were six lifts executed from the Liza Destiny FPSO for Government, 11 from the Liza Unity FPSO, 12 from the Prosperity FPSO and three from the One Guyana FPSO – a total of 32 lifts for the Government of Guyana in 2025. The profit oil payments received in 2025 correspond to two lifts that occurred in the final quarter of 2024, 29 of the Government lifts that occurred in 2025, and Government’s share from the inaugural lift from the One Guyana FPSO,” Minister Singh detailed.

He said in 2025, the fund received US$2.1 Billion in profit oil, comprising US$400.1 Million from Liza Destiny, US$767.7 Million from Liza Unity, US$824.4 Million from Prosperity, and US$133.6 Million from One Guyana.

Additionally, royalty payments amounted to US$330.7 Million, which was received from the Stabroek Block operators.

It was noted that petroleum revenue receipts for 2025 also included a US$15 Million signing bonus from a new Production Sharing Agreement (PSA) signed on November 11, 2025 with a consortium for the shallow-water Block S4 offshore Guyana.

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