In 2024 the government forwent about US$5,250 per Guyanese because of a lack of Ring-Fencing
As of August 2025, there are now 4 deepwater oil operations in production, altogether capable of pumping 900,000 barrels of oil equivalent (boe) a day, or US$1.8 billion in oil revenue per month, at today’s oil prices. There have been repeated calls for these projects to be ring-fenced. To quote Christopher Ram’s definition of Ring-Fencing, … Continue reading In 2024 the government forwent about US$5,250 per Guyanese because of a lack of Ring-Fencing
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