Iraq state crude marketer Somo says that for 2019 it is allocating 67% of exports for Asia, 20% for Europe and 13% for the Americas (primarily the US). An oil ministry statement notes the regional portions were set “in accordance with the ministry’s production program” based on existing customers, having also “reviewed purchasing orders from new companies that seem to be qualified to purchase Iraqi crude.” Allocations are nonetheless flexible and subject to...
Iraq To Keep Up 2019 Asia Exports
Published on Fri, 30 Nov 2018 - Volume: 61 Issue: 48Print
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