Search Results for: SOMO

Iraq resumes sale of Basra Oil on DME

Iraqi state oil marketing company SOMO has sold Basra crude oil on the Dubai Mercantile Exchange (DME) for the first time since January, Reuters reported. SOMO sold 2 million barrels of Basra Light crude for loading on November 16-17 at 20 cents above its official listing price, the DME said. Trade sources told Reuters that China’s Unipec

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Iraq exported more than 100 mn oil barrels in April-ministry

Iraq exported more than 100 million barrels of oil during the month of April, the oil ministry said on Wednesday, noting that revenues exceeded USD6.5 billion. Ministry spokesman, Assem Jihad, quoting a final statistic by the state-run oil marketing company, SOMO, said exports stood at 100.197.197 barrels during the month of April, yielding revenues of

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