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Guyana’s Oil Money Leak | Guyana News
Guyana’s oil revenue is falling short—not because there’s less oil, but because how the money’s being spent is leaving billions on the table. Since 2020, the country has earned $7.7 billion from its oil sector, but experts say it could’ve made $12.4 billion if a simple rule called “ring-fencing” had been followed. This rule would ensure each project’s profits fund only that project’s costs—instead of being diverted to new ventures. Without it, Guyana’s stuck with 75% of revenue going toward expenses, leaving just 25% for the nation. With ring-fencing, once initial investments are paid back…
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