{"id":81741,"title":"Caspian Sunrise plc (CASP.L) Increase in price for oil sold to domestic market","publisher":"Share Talk","author":"sharetalk","published":"2021-04-16T07:34:59+00:00","modified":"2021-04-16T07:34:59+00:00","canonical_url":"https://www.share-talk.com/caspian-sunrise-plc-casp-l-increase-in-price-for-oil-sold-to-domestic-market/","markdown_url":"https://www.share-talk.com/caspian-sunrise-plc-casp-l-increase-in-price-for-oil-sold-to-domestic-market.md","json_url":"https://www.share-talk.com/caspian-sunrise-plc-casp-l-increase-in-price-for-oil-sold-to-domestic-market.json","category":"Energy","categories":["Energy"],"tags":["Asslybek Umbetov","CASP","caspian sunrise","Clive Carver","oil"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"The Board of Caspian Sunrise are pleased to announce that it has been informed that the price for oil sold to the domestic market from its flagship BNG Contract Area has been increased to approximately $12.4 per barrel.\n\nWhile this still lags far behind the international price it is approximately double the price received for most of the past 12 months and as such will be a significant boost for the Company’s finances.\n\n**Comment**\n\n**Clive Carver, non-executive chairman commented.**\n\n“This news is very welcome and we hope it marks the beginning of the closing of the gap between international and domestic prices to levels seen before Covid-19.”\n\n**Contacts:**\n\n**Caspian Sunrise PLC**\n\nClive Carver\n\nChairman +7 727 375 0202\n\n**Qualified person**\n\n**Mr. Asslybek Umbetov**, a member Association of Petroleum Engineers, has reviewed and approved the technical disclosures in this announcement.\n\nThis announcement has been posted to:\n\n[www.caspiansunrise.com/investors](http://www.caspiansunrise.com/investors)\n\nThe information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014."}