Guyana has become one of the fastest-growing economies on Earth.
A country once shaped by sugar, bauxite, emigration, and fragile institutions is now pumping crude oil at a pace that has pushed it into the center of global energy politics. Since ExxonMobil’s 2015 discovery in the offshore Stabroek Block, Guyana has been transformed from a small Caribbean-South American state into a rising "petrostate."
The country's real GDP growth hit 62.3% in 2022 and remained at 43.4% in 2024. By early 2026, production capacity had reached about 918,000 barrels per day, backed by an estimated 11 billion barrels of recoverable oil equivalent. Over the coming decades, oil revenues could exceed $100 billion.
Oil Has Rewritten Guyana’s Future
The Stabroek Block is the engine of Guyana’s transformation. Operated by ExxonMobil, with Hess and CNOOC as partners, it moved from oil discovery to oil production in only four years. Multiple offshore projects now
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