The Guyana’s Ministry of Natural Resources announced that it has earned about $80 million from the seventh shipment of crude, which was allocated to the government from the offshore Liza Project, Reuters stated.
This revenue is the highest since exports began in early 2020, the ministry said.
The amount of the cargo is 1.047 million barrels with price of $75.98 per barrel, which is $20 higher than the average price for the seven cargos.
This cargo was exported on the Greece-flagged Militios Vessel directed towards India where it was chartered by the Indian Oil Corp (IOC).
Liza project is located in the Stabroek block, which is operated by a consortium led by ExxonMobil and it has 9 billion barrels of recoverable oil and gas.