Guyana’s Oil Boom Matters More Than Ever ...Middle East

Economy by : (OILPRICE) -
In a surprise development, the tiny South American nation of Guyana recently emerged as a major oil exporter. In a mere four years, the former British colony of one million went from first discovery to first oil. Guyana has cemented its place among South America’s leading oil producers, pumping nearly one million barrels per day, making it the continent’s third-largest oil producer. The rapid expansion of Guyana’s offshore oil industry will enhance energy security in the Americas at a crucial time, with heightened Middle East…

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