With Guyana receiving its first one million barrels of oil from the offshore Liza Unity oil platform, it is expected to net around US$106 million from the sale of the lift amid a huge spike in international fuel prices
President Irfaan Ali yesterday said that government used the spot sale system to sell its share to ExxonMobil, a provision catered for under the crude lifting agreement, even as it continues to seek out a marketer or long term buyer for the remainder of its lifts.
