Marketing Strategy
Gas from Tunisia is sold at a price equivalent to 83% of
the price of exported fuel oil with high sulfur content in
the Mediteranian region.
B. Crude Oil
Market Share
In the international markets, the Company markets its
crude oil products in two countries, namely Yemen and
Tunisia. In Yemen, the Company markets a type of crude
oil known as the Masila Blend through the Ash-Shihr
Petroleum Export Terminal at an official price that is set by
Official Yemen Government Selling Price (OSP).
Marketing Strategy
In Tunisia, crude oil output is freely sold on the spot
market. The relatively limited production volume in
Tunisia has forced the Company to be highly selective in
choosing a buyer with the highest price bid. Masila Blend
is sold at a premium to the price of Brent Oil. Due to
safety condition, the oil sales in Yemen switched to Rass
Isa Petroleum Export at Marib Blent and at the price set
by OSP.