Middle East Economic Survey


No 47



SOMO Signs 60,000 B/D Term Contract With Turkeys Tupras

Iraqs State Oil Marketing Organization (SOMO) has signed its first term deal in more than three years with Turkeys Tupras refinery. The agreement calls for Tupras to lift 60,000 b/d of Kirkuk crude oil from the Ceyhan oil terminal in southeastern Turkey. The agreement will last until the end of the year. On 30 October, SOMO issued a market tender for 6mn barrels of Kirkuk crude...