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 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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