Guyana: New Gov’t Plans to Relaunch Oil Marketing Tender

Guyana’s new administration has put a hold on reviewing bids for a contract to lift the government’s portion of crude produced offshore and plans to relaunch the tender, Vice President Bharrat Jagdeo said on Friday.

The South American country began producing crude offshore in December and in June approved a group of 19 companies to move to the next phase of a competitive process aimed at selecting an agent for marketing the share allocated to the government in its contract with operator Exxon Mobil Corp.

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