{"id":502,"date":"2022-04-08T14:27:46","date_gmt":"2022-04-08T14:27:46","guid":{"rendered":"http:\/\/gpd.gov.bz\/?page_id=502"},"modified":"2023-09-12T20:25:07","modified_gmt":"2023-09-12T20:25:07","slug":"crude-oil-sales","status":"publish","type":"page","link":"https:\/\/gpd.gov.bz\/index.php\/crude-oil-sales\/","title":{"rendered":"Crude Oil Sales"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"502\" class=\"elementor elementor-502\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-113f3505 envato-kit-141-top-0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"113f3505\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-570290a8\" data-id=\"570290a8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d246fec elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"2d246fec\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:100}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.2 - 04-04-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Crude Oil Sales<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a2fa9 elementor-widget-divider--view-line elementor-invisible elementor-widget elementor-widget-divider\" data-id=\"6a2fa9\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:200}\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! 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elementor - v3.6.2 - 04-04-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/gpd.gov.bz\/wp-content\/uploads\/2023\/09\/IMG-20220118-WA0011.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"IMG-20220118-WA0011\" e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTMyNCwidXJsIjoiaHR0cHM6XC9cL2dwZC5nb3YuYnpcL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjNcLzA5XC9JTUctMjAyMjAxMTgtV0EwMDExLmpwZyJ9\">\n\t\t\t\t\t\t\t<img width=\"1200\" height=\"1600\" src=\"https:\/\/gpd.gov.bz\/wp-content\/uploads\/2023\/09\/IMG-20220118-WA0011.jpg\" class=\"attachment-2048x2048 size-2048x2048\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/gpd.gov.bz\/wp-content\/uploads\/2023\/09\/IMG-20220118-WA0011.jpg 1200w, https:\/\/gpd.gov.bz\/wp-content\/uploads\/2023\/09\/IMG-20220118-WA0011-225x300.jpg 225w, https:\/\/gpd.gov.bz\/wp-content\/uploads\/2023\/09\/IMG-20220118-WA0011-768x1024.jpg 768w, https:\/\/gpd.gov.bz\/wp-content\/uploads\/2023\/09\/IMG-20220118-WA0011-1152x1536.jpg 1152w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-765b0a42\" data-id=\"765b0a42\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-57c58efb elementor-widget elementor-widget-text-editor\" data-id=\"57c58efb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.2 - 04-04-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span data-contrast=\"auto\">Crude oil produced from the Spanish Lookout Oilfield and the Never Delay Oilfield are mixed at the Belize Natural Energy Ltd. (BNE) Spanish Lookout central production facility located at Iguana Creek in the Cayo District, just outside of the Spanish Lookout Community. The oil is sold both locally and internationally. Local sales are made directly from BNE at the Central Production Facility. Local industries purchase the crude oil to use as fuel oil to power large boilers and generators which assists in reducing the overall electric bill for these local consumers.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:0,&quot;335559739&quot;:300,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The crude oil is also transported from the Central Production Facility in tanker trucks and offloaded and stored in the shore tanks at the BNE international export facility located at the Big Creek Port in the Stann Creek District. International sale of the crude oil is made from this export facility. International sales are made to Shell Trading in Houston, Texas, USA. The sale price is determined through sales agreements between BNE and Shell Trading using a five-day weighted average of the spot market price of crude oil at the time of each shipment.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:0,&quot;335559739&quot;:300,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">In more recent years, crude oil is also being sold to Guatemala by trucking across the western border. The Guatemalan purchasers make direct purchase from the Spanish Lookout Central Production Facility. The sale price is determined through sales agreements and is derived using WTI Houston.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:0,&quot;335559739&quot;:300,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Crude Oil Sales Crude oil produced from the Spanish Lookout Oilfield and the Never Delay Oilfield are mixed at the Belize Natural Energy Ltd. (BNE) Spanish Lookout central production facility&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/gpd.gov.bz\/index.php\/wp-json\/wp\/v2\/pages\/502"}],"collection":[{"href":"https:\/\/gpd.gov.bz\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gpd.gov.bz\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gpd.gov.bz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gpd.gov.bz\/index.php\/wp-json\/wp\/v2\/comments?post=502"}],"version-history":[{"count":19,"href":"https:\/\/gpd.gov.bz\/index.php\/wp-json\/wp\/v2\/pages\/502\/revisions"}],"predecessor-version":[{"id":1336,"href":"https:\/\/gpd.gov.bz\/index.php\/wp-json\/wp\/v2\/pages\/502\/revisions\/1336"}],"wp:attachment":[{"href":"https:\/\/gpd.gov.bz\/index.php\/wp-json\/wp\/v2\/media?parent=502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}