Guyana’s profit oil share has always been 50%

Guyana Profit share, Royalty and Paying Taxes, yields only 29.6 %  of Total Revenue

Dear Editor, It has been reported that Guyana profit share from oil exports will increase from 12.5% to 39.8%). (https://kiskadeewatch.com/opinion/editorial/profit-oil-of-39-8/). This expected increase in profit is because the total investment cost of the oil project (US$55 Billion) has been repaid in full and profits will therefore increase, due to the only cost item being the […] The post Guyana Profit share, Royalty and Paying Taxes, yields o…

Guyana’s profit oil share has always been 50% - MNR

See statement from the Ministry of Natural Resources: The Ministry of Natural Resources writes in response to an article published “Solomon calls on President to release figures behind 39.8% profit-oil claim.” The article rests on a material misunderstanding of how Guyana’s share of petroleum revenue is calculated. Given the public importance of this matter, the […] The post Guyana’s profit oil share has always been 50% – MNR appeared first on I…

Guyana’s profit oil share has always been 50%

Dear Editor, The Ministry of Natural Resources writes in response to an article published on August 21, 2026, “Solomon calls on President to release figures behind 39.8% profit-oil claim.” The article rests on a material misunderstanding of how Guyana’s share of petroleum revenue is calculated. Given the public importance of this matter, the Ministry sets out below, in plain terms, the correct figures and the reasoning behind them. First, Guyana…

Guyana earned US$306 million from oil in first six months of 2026

Dear Editor, THE Ministry of Natural Resources writes in response to the article published in the August 21, 2026, edition of the Kaieteur News under the heading, “Solomon calls on President to release figures behind 39.8% profit-oil claim.” The article rests on a material misunderstanding of how Guyana’s share of petroleum revenue is calculated. Given […]