Buru completes lifting under new contract

CANNING Basin producer Buru Energy completed its latest oil lifting at Wyndham Port for a total of gross 71,038 barrels of Ungani crude, the first lifting under its new agreement with BP Singapore.

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BP will deliver the crude to an unnamed refinery in Southeast Asia and under the contract, the price received will be the actual price BP sold the crude to the refinery - a fixed differential