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Guyana will repay ExxonMobil all costs for seven oil projects by end-2026, driven by high oil prices and expanded production.
In 2026, Guyana plans to repay ExxonMobil all costs for seven sanctioned oil projects by year-end, accelerated by soaring global oil prices above $100 per barrel.
ExxonMobil is advancing two new projects—Longtail and Haimara—with plans to boost production by 250,000 barrels daily.
The company reported strong output in January, with 916,000 barrels per day, and is on track to bring additional FPSOs online.
Guyana’s government aims to increase its share of profits, though full payment timing depends on prices and production.
President Irfaan Ali is pushing for a national oil refinery to enhance energy security amid Middle East tensions and rising oil prices, while regional cooperation efforts continue.
Guyana reembolsará a ExxonMobil todos los costos de siete proyectos petroleros para finales de 2026, impulsados por los altos precios del petróleo y la expansión de la producción.