Category: Natural Resource Fund

22 Jul
By: MOF Communications Unit 0

Summary of Financial Position and Performance as at June 30, 2020

Contains:

  • Statement of Financial Position
  • Statement of Profit or Loss and Other Comprehensive Income

 

Summary of Financial Position and Performance as at June 30, 2020
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27 Jun
By: MOF Communications Unit 0

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26 Jun
By: MOF Communications Unit 0

Natural Resource Fund Quarterly Report March 31, 2020

This report is produced in accordance with section 38 (2) of the Natural Resource Fund Act 2019 which requires the Bank of Guyana to report on the performance and activities of the Natural Resource Fund (referred to hereinafter as the “Fund”).

This is the inaugural report of the Fund and covers the first quarter of the year 2020. All monetary references in this report have been reported in Guyana dollars (G$) and are presented in thousands (G$’000). Foreign currency transactions have been translated to G$ at the rate of exchange prevailing at the dates of the transactions. Rate of exchange at March 31, 2020 was GYD 208.50 = USD 1.

Natural Resource Fund Quarterly Report March 31, 2020
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18 Jun
By: MOF Communications Unit 1

NRF Summary of Financial Position and Performance as at May 31, 2020

This report contains a Statement of Financial Position and Statement of Profit or Loss and Other Comprehensive Income.

 

NRF Summary of Financial Position and Performance as at May 31, 2020
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11 Jun
By: MOF Communications Unit 0

Payment for second lift deposited into NRF account

(Georgetown, June 11, 2020) – The Natural Resource Fund was yesterday credited with US$35,063,582.06. This represents payment by Shell Western Supply and Trading Limited for Guyana’s second lift.

The total holdings of the NRF as at June 11, 2020 is US$94, 921,803.00

 

-END-

  Contact: Wanita Huburn
Phone: 592 -655-9497
Email: whuburn@finance.gov.gy
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26 May
By: MOF Communications Unit 0

Royalty Statement – NRF Statement of Account – April 2020; Stabroek Block Royalty Statement Q12020

On April 30, 2020, Guyana’s Natural Resource Fund account was credited with US$4,919,505.30 – the royalty payment for oil produced and sold from the Stabroek Block in the first quarter of 2020. During this quarter, approximately 5,029,301 barrels were produced and sold from the Stabroek Block, and no crude oil produced during this period was used for fuel or transportation. As such, and in accordance with Article 15.6 of the Petroleum Agreement for the Stabroek Block, the Government of the Cooperative Republic of Guyana was entitled to two percent of this quantity. This deposit to the NRF represents the cash value of GRCG’s royalty entitlement, given GCRG’s election to receive its royalty payment in cash. Further details on the monthly breakdown of royalty payments due to GCRG can be found in the Ministry of Finance’s monthly Report on Petroleum Production and Revenues.

NRF Statement of Account – April 2020
Stabroek Block Royalty Statement Q12020
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