Guyana Emerges as an Oil Winner in the Iran War

In just seven years, Guyana has become one of the fastest-growing oil exporters and global economies and an oil-producing powerhouse with nearly 1 million barrels per day of production capacity. And the war in Iran is only turning up the heat even more.

Since ExxonMobil launched production from the offshore Stabroek block in 2019, Guyana’s economy has quadrupled. Oil revenues and royalties have boosted income for the state coffers and gross domestic product (GDP) linked with oil-related activities.