Guyana expects proposal from India for long-term crude oil purchases
GEORGETOWN (Reuters) – Guyana expects to soon receive a proposal from India for long-term purchases of the South American country’s oil, President Irfaan Ali said on Tuesday, a new attempt to reach a government-to-government deal potentially leading to better sale terms for Guyana.
Guyana’s government is entitled to a share of crude produced off the nation’s coast by a consortium led by Exxon Mobil Corp . In 2022, Ali’s government received a total of 13 cargoes of crude, and it expects to receive and export 17 cargoes this year, the finance minister said earlier this week.
“India has made it very clear that they have an interest in being one of the purchasers of Guyana’s oil,” said Ali in a press conference at the State House residence in Georgetown.
