The Ministry of Natural Resources yesterday said that the Government has approved the nomination of Aramco Trading Limited (ALT) to market Guyana’s 4th oil lift for 2021.
ALT is a subsidiary of the Saudi Arabian state oil company, Saudi Aramco and is based in London, in the United Kingdom.
“Following a transparent public procurement process for the Provision of Marketing Services for the Cooperative Republic of Guyana Oil Entitlement from the Liza Destiny FPSO Vessel, the Government of Guyana has recently evaluated and approved for the nomination of ARAMCO TRADING Limited (ATL) to market Guyana’s 4th lift for 2021, scheduled for September 21 – 22, 2021,” the Ministry said in a statement yesterday.
The statement added that the evaluation process included administrative, technical, and financial assessments, which saw submissions from fifteen firms. ATL was identified as the lowest compliant evaluated bidder at the price of US$0.025 per barrel.
This selection was made pending a decision on which company will market Guyana’s oil entitlement from the Liza Destiny FPSO.
