Significant Withdrawals from Guyana’s Natural Resource Fund in 2025

News

Withdrawals totaling US$2.463 billion were made from Guyana’s Natural Resource Fund (NRF) throughout 2025 to support national development priorities under Budget 2025, adhering to the provisions set forth by the Natural Resource Fund Act of 2021 and the approvals granted by the National Assembly.

The announcement came from Dr. Singh during his presentation of the 2026 budget. He highlighted that the substantial withdrawals were facilitated by robust petroleum inflows, noting that the NRF generated more than US$2.4 billion in revenue for the year, ending 2025 with a balance of US$3.25 billion.

Throughout the year, the Fund benefited from US$2.1 billion in profit oil. This revenue was broken down as follows: US$400.1 million from the Liza Destiny, US$767.7 million from Liza Unity, US$824.4 million from the Prosperity FPSO, and US$133.6 million from the One Guyana FPSO. Additionally, the Fund received US$330.7 million in royalty payments from the Stabroek Block operator.

The petroleum revenues were further enhanced by a US$15 million signing bonus linked to a new Production Sharing Agreement, signed on November 11, 2025, with a consortium for the shallow-water Block S4 offshore Guyana.

Government officials have reiterated that withdrawals from the NRF are strictly regulated by law and subject to parliamentary oversight, ensuring that expenditures contribute to national development and foster long-term economic growth.

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