China’s government bristles at growing ties between the US and oil-rich Guyana

A tiny rainforest country is growing into a petrostate. A US oil company could reap the biggest rewards

The course of Guyana’s destiny changed in 2015 when US fossil fuel giant Exxon struck oil. It discovered nearly 11 billion barrels in the deep water off the coast of this tiny country known for the dense rainforest that carpets nearly 90% of its land.

China's government bristles at growing ties between the US and oil-rich Guyana

China’s government is bristling at the strengthening ties between Guyana and the United States in online comments after a visit to the South American country by U.S.

China’s government bristles at growing ties between the US and oil-rich Guyana

Guyana’s fate changed in 2015. The US fossil fuel giant Exxon discovered nearly 11 billion barrels of oil in the deep waters of the coast of this small jungle country. It was one of the most spectacular oil discoveries of recent decades. By 2019, Exxon and its partners, China-based US oil company Hess and CNOOC had started producing fossil fuel. Now, they pump around 650,000 barrels of oil a day, with more than doubling this figure to 1.3 millio…

Although the oil company Chevron had an important base of operations in Venezuela, from where it must leave before May 27 by order of the U.S. Department of the Treasury, its influence in Guyana is quite great, as it would market 80% of the oil exported by the Caribbean nation to the United States. This is indicated by a report from the U.S. Energy Information Agency, where they require that in December 2024 Guyanese oil exports to the American …

Guyana, the country where more barrels of oil are extracted per day than inhabitants - Economic Scenarios

In just six years, one of South America's poorest nations, Guyana, has emerged as the world's newest major oil producer. There is speculation that