Occidental Delivers World First Carbon-Neutral Oil

From OilPrice

Occidental Delivers World First Carbon-Neutral Oil

"Occidental’s division Oxy Low Carbon Ventures (OLCV) delivered the cargo of two million barrels of carbon-neutral oil to Reliance Industries in India in a transaction arranged together with Macquarie Group’s Commodities and Global Markets group.

The delivery of the oil, produced by Occidental in the Permian, “is a first step in the creation of a new market for climate-differentiated crude oil,” Oxy Low Carbon Ventures said."

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