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Guyana beats Venezuela in oil exports during border dispute
The border dispute between oil-rich Venezuela and Guyana got a new twist with Guyana exporting more oil than its neighbor for the third straight month.
Guyana’s daily exports were 621,000 barrels in February, higher than Venezuela’s 604,000 barrels, according to vessel movements.
The country has seen an influx of investments by companies including Exxon Mobil Corp. Guyana recently started producing oil from a third development, Payara, operated by Exxon.
Guyana went from producing zero oil 3 years ago to pumping 637,000 barrels on Jan. 31.
The border dispute between oil-rich Venezuela and Guyana got a new twist with Guyana exporting more oil than its neighbor for the third straight month.
Guyana’s daily exports were 621,000 barrels in February, higher than Venezuela’s 604,000 barrels, according to vessel movements.
The country has seen an influx of investments by companies including Exxon Mobil Corp. Guyana recently started producing oil from a third development, Payara, operated by Exxon.
Guyana went from producing zero oil 3 years ago to pumping 637,000 barrels on Jan. 31.