IRAQ

India to renew Oil Agreement with Iraq

MEES learns that India will renew its government to government term oil agreement with Iraq and that representatives of Iraq's State Oil Marketing organization (SOMO) are expected to arrive in New Delhi soon to conclude an accord to this effect with marketing officials at the Indian Oil Corporation (IOC). Last year IOC agreed to lift 2.5mn tons (50,000 b/d) of Basrah Light crude via Yanbu', comprising around 10% of India's total crude...