Not only is Guyana set to become one of Latin America’s shining economic stars, but the once poor backwater could soon be a key player in the new global energy map.


The International Monetary Fund (IMF) sees the Guyanese economy growing by a staggering 47% this year, even as the rest of the world could be heading toward a recession.

Driven by the offshore Stabroek block, government revenue from oil production is on track to surpass $1 billion this year, according to Rystad Energy. This figure could hit $7.5 billion in 2030 and $16 billion in 2036.

“This year is set to be a turning point for the Georgetown government to start capitalizing on the vast reserves in the offshore field, with revenues more than doubling over 2021 levels,” according to Rystad analysts....