WebBrazil’s Libra project is an offshore oilfield that could produce 1.3 million BOPD. But the consortium signed the PSC expecting higher oil prices. With current oil prices ($50 a barrel in Oct. 2016), Libra is unviable unless costs can be reduced significantly, and/or the fiscal regime is renegotiated – particularly the royalty. WebApr 12, 2024 · On the other hand, Iraq’s Oil Marketing Company (Somo) kept its official selling price (OSP) for Basra medium crude to Asia unchanged in May at minus $0.15 a …
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WebAug 3, 2024 · Iraqs state oil marketing company, known as SOMO, conducted its first-ever auction in April. Iraqs state oil marketing company, known as SOMO, conducted its first … WebApr 13, 2024 · [You must be registered and logged in to see this image.] A member of the Patriotic Union of Kurdistan, Ghiath Al-Sorji, confirmed that selling oil through the SOMO company will bring large revenues to the country, pointing out that the regional government sells oil at about $10 less than the market price, in addition to the lack of transparency in … cheap weekend getaways from florida
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