Middle East Economic Survey


No 3



SOMO Tenders 3mn Barrels Of Kirkuk Crude

Iraqs State Oil Marketing Organization (SOMO) on 7 January announced the tender of 3mn barrels of Kirkuk crude fob Ceyhan, SOMOs smallest tender of Kirkuk to date. End user bids, for parcels of 1mn or 2mn barrels, must be received by 1700 GMT on 12 January, with results to be announced 48 hours later. Crude is for lifting before 31 January and all other standard SOMO terms and conditions apply. Sales...