Middle East Economic Survey

VOL. XLIX

No 30

24-Jul-2006

IRAQ

SOMO Cancels Fourth Kirkuk Tender On Low Stocks As Pumping To Ceyhan Suspended

Iraqs State Oil Marketing Organization (SOMO) cancelled its fourth 2006 Kirkuk crude sale tender for 6mn barrels after the suspension of pumping on the export pipeline from 7 July left insufficient crude in storage at the Turkish terminal of Ceyhan. Technical problems with the pipeline are understood to be responsible for the suspension in pumping, which may...