END OF THE TEMPORARY FINANCIAL SUPPORT PROGRAM FOR COLLECTORS
The temporary financial support program for collectors, implemented in April to compensate for the decrease in recoverable volumes due to the economic downturn caused by the current pandemic, will be coming to an end on July 31 2020.
ELECTRONIC DATA COLLECTION SYSTEM PROGRESSION LIVE
Financial aid : When a collector has completed its integration with the system, including the 3 month probation period, SOGHU pays him $ 2,000.
Administrative fees : As announced, since the beginning of the project, administrative fees will be charged to the collectors who have not yet completed their integration with this system. These administrative fees will be effective on September 1, 2017. See details of the fees.
TEMPORARY AND VARIABLE INCENTIVE TO OIL PROCESSORS
SOGHU is aware of the difficulties resulting from the decrease of the price of crude oil and wishes to provide support to its partners. It is with this in mind that SOGHU has approved to revise the “TEMPORARY AND VARIABLE INCENTIVE TO OIL PROCESSORS REGISTERED WITH SOGHU” program as per the January 9, 2020, update (see below). SOGHU announces that the program will be revised on a quarterly basis in accordance with the same scale.
The temporary and variable incentive to oil processors registered with SOGHU will be at $0.03/L for volumes delivered to processors effective from September 1st, 2020 and until further notice.
TEMPORARY AND VARIABLE INCENTIVE TO OIL PROCESSORS REGISTERED WITH SOGHU AND DOING BUSINESS WITH SOGHU REGISTERED COLLECTORS THAT MEET ELIGIBILITY REQUIREMENTS (each party must verify if their partners respect the eligibility requirements). Adjustment as of October 1st, 2020 – List of collectors that meet the requirements.
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