Over 1B Persons, 2024 (1004 million) Based on Latin America and Caribbean Population from the WBG + US Population
(US Census Bureau)
10 Feb 2022
The former British colony of Guyana, one of South America’s poorest nations, is undergoing a major economic transformation driven by a massive oil boom. ExxonMobil’s 2015 discovery of crude oil has been a game-changer for a deeply impoverished Guyana that was severely impacted by the COVID-19 pandemic. The U.S. energy supermajor, after making a slew of quality oil discoveries, is investing heavily in offshore Guyana commencing petroleum production during 2019 from the Stabroek Block.