02-06-2013, 11:26 PM
Sweet deal for IOC also. I bet IOC is paying $30 a barrel vs Singapore Market ($90 a barrel today WTI)prices for refinery feedstock. Called increased cash flow.The $30 estimates comes from the PRE deal where IOC agreed to sell some condensates to PRE at $30 a barrel. Thats appears to be the commercial price. At 4,000 a day thats a nice bump to cash flow. And yes it can be refined in the IOC refinery.

