Guyana Relaunches Search for Company to Market Its Oil

Guyana has re-launched a search for a company to market the government’s share of the crude produced at the offshore Liza project, operated by Exxon Mobil Corp, according to a notice published in the South American country’s newspapers.

President Irfaan Ali’s government scrapped a previous, similar process initiated by Ali’s predecessor shortly after taking office in August. The government is seeking a 12-month contract that would involve five crude cargoes of around 1 million barrels each, according to the Sunday notice.

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