'Minuscule' South American Country Experiences Incredible Boom, Expected To Grow Four Times More Than Brazil in 2025, and The Key To This Success Is Targeting Venezuela

‘Minuscule’ South American Country Experiences Incredible Boom, Expected To Grow Four Times More Than Brazil in 2025, and The Key To This Success Is Targeting Venezuela

Written by Romário Pereira de Carvalho

Published on 16/10/2025 at 09:12

Updated on 16/10/2025 at 09:14

Imagem: Ilustração artística feita por IA

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With projected growth of 10.3% in 2025 and production of 650,000 barrels daily, Guyana is experiencing an economic boom driven by oil. However, this progress raises tensions with Venezuela and attracts the attention of the United States to the region.

The small South American country of Guyana has been attracting global attention due to its unprecedented economic growth.

Driven by discoveries of large oil reserves, the former British colony is undergoing a boom that has transformed its economy in just a few years.

ARTICLE CONTINUES BELOW

Oil Boom

Until 2019, the country produced not even a drop of oil. Today, it extracts about 650,000 barrels per day (bpd) and plans to more than double this volume in the coming years.

In September, the Guyanese government approved a new exploration license for the offshore Hammerhead project, operated by American ExxonMobil (XOM).

The Ministry of Natural Resources reported that when the Hammerhead field is completed in 2029, national production is expected to reach 1.5 million barrels per day.

Since 2020, Guyana’s economic performance has been impressive. In 2022, the Gross Domestic Product (GDP) grew by 63%, even surpassing historically dynamic countries like China.

The Guyana Boom and Tension with Venezuela

The rapid advance has also brought diplomatic issues. Venezuela, which claims part of Guyana’s territory, has heightened regional tensions.

The government of Nicolás Maduro approved a law that turns the Essequibo region — rich in oil — into one of Venezuela’s 24 states.

In March, Maduro threatened the neighboring country again, stating that Guyana would have to “accept Venezuela’s sovereignty.”

U.S. Reaction

With such wealth at stake, the United States reacted. A senior American official stated that an attack on Guyana or ExxonMobil “would not end well,” making it clear that Washington does not intend to remain neutral in the face of rising tensions in the region.

With information from Money Times.

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Cassidy Rath

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16/10/2025 09:14

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Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

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