oil revenue
Coverage of oil revenue in the Nexus archive.
- Guyana’s Oil Books Don’t Add Up by $6.7 Billion, Analysts Say
Analysts report a $6.7 billion discrepancy in Guyana’s oil revenue, citing Exxon’s cost recovery figures implying at least $68 billion in revenue compared to the Bank of Guyana’s reported $51 billion. The gap arises from Exxon’s stated $51 billion cost recovery and the contract’s 75% ceiling, which suggests higher revenue than the central bank’s records.
- A $6.7 Billion Gap Clouds Guyana’s Count of Its Own Oil Money
A $6.7 billion discrepancy between Guyana's central bank and ExxonMobil's figures has raised doubts about the accuracy of Guyana's oil revenue accounting. The gap highlights concerns over how the country is tracking its oil money.
- IMF Tells Brazil to Save Oil Revenue Windfall, Not Spend It
The IMF has advised Brazil to save its oil revenue windfall and avoid rigid spending, cautioning that the funds could either stabilize public debt or be wasted. The warning highlights the need for prudent financial management of the revenue.
- Will complex EU loan deal intensify conflict?
Ukraine has secured a multibillion-dollar loan from the EU, while Russia continues to benefit from rising oil revenue. The developments raise questions about how these financial dynamics might influence the ongoing conflict.