The Guyana government says the Barbados-based Shell Western Supply and Trading Limited has been selected as the company which will buy the country’s first three million barrels of oil as a result of the introductory phase of the Liza crude grade into the market.
In a statement, Guyana’s Department of Energy said the first phase of its announced two-step crude marketing process is close to completion after it had also previously announced a two-phased approach to lifting and marketing of Guyana’s crude.
It said given the accelerated timing of first oil and with Guyana’s first lift expected in February 2020, a short-term phase one process became necessary.
Pollyanna Davy, Readers Bureau, Fellow
Edited by Jesus Chan
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