Guyana’s president re-elected amid continued oil boom

GEORGETOWN, September 5, 2025 – Guyana’s incumbent president, Irfaan Ali, has claimed victory in the country’s general and regional elections, with his PPP/C party securing over 240,000 votes and 8 of 10 electoral districts, the Guyana Elections Commission reported on Thursday.

The win cements a second term for Ali, who will oversee the South American nation’s management of its booming offshore oil sector and continued infrastructure expansion funded by petroleum revenues.

The PPP/C obtained 55.3% of the votes, followed by WIN with 24.9% and APNU with 17.8%. Three smaller parties shared the remaining 2% of the vote.

“The results are all out there, as published by the Guyana elections commission. The numbers are clear. The people have spoken in an overwhelming way,” president Ali said.

Since oil production began in 2019, Guyana’s state budget has quadrupled, though a 2024 IDB report notes 58% of the population still lives in poverty. The next five years will be critical for ensuring petroleum wealth reaches all citizens.

ExxonMobil, Hess and CNOOC are leading upstream developments in Guyana’s offshore Stabroek block, with production having exceeded 600,000 bopd in 2025. ExxonMobil operates the block through a consortium and plans to ramp up output to over 1.2 million bopd by 2027.

ExxonMobil is a US-based energy giant with global operations in exploration, production, refining and petrochemicals. In Guyana, the company operates the Stabroek, Kaieteur and Canje blocks and has played a central role in transforming the country into a leading oil exporter.

Photo courtesy of President Irfaan Ali on Facebook

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