Guyana’s Oil Output Rises 58%

Guyana’s oil output rose 58.2% to 56,320 barrels per day (bpd) in January, up from 35,607 bpd in December, the South American country’s finance ministry said in a report published this week.

The government is still working with the consortium producing crude at the Stabroek block off its coast on finalizing the procedures to calculate export prices for the crude, the Thursday report said.

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