A JV appoints a Marketing Agent to market their share of Oil on the International Spot Market. Sales terms etc r all negotiated for the cargo shipment. The transportation costs gets added to the overall production/ lifting costs which then r deducted from the Sales price for the net margin before taxes etc.
Few examples :
- Tullow uses Vitol to sell the 39API Jubilee Crude.
- WPL & Mitsui engage with METS to sell the Heavy Sweet crude from Enfield/Vincent.
- BP-KOS shortlisted BP's Gas Marketing Division from a list of contenders to sell LNG from the upcoming Tortue Project.
A JV appoints a Marketing Agent to market their share of Oil on...
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Last
49.5¢ |
Change
0.003(0.51%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $25.15K | 50.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90217 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 15.59pm 14/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |