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 October 01, 2020, update (see below). SOGHU announces 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 for volumes delivered to processors will be at $0.03/L from from September 1st, 2020, to May 1st, 2021, at which point it will be $0.01/L 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 May 1st, 2021 – List of collectors that meet the requirements.
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