Saudi Aramco Unit Wins Guyana Oil Tender
Reuters – Guyana awarded a unit of Saudi Aramco, a tender to purchase a portion of the country’s oil production, and the two parties will likely enter into a one-year marketing deal, an official said on Tuesday.
2021-09-08 20:12:53 - VI News Staff
The South American country last month received bids from 15 companies aiming to market its allocation of light crude produced off the coast by a consortium led by Exxon Mobil Corporation. Guyana, a nascent oil producer, is entitled to a portion of the oil but lacks the capacity to refine it.
While Guyana had initially been seeking a partner to market its oil for one year, the government has for now awarded Aramco Trading Ltd only the next loading, which is scheduled for Sept. 21-22 and will be the government’s fourth of 2021, Natural Resources Minister Vickram Bharrat told Reuters.