Middle East Economic Survey


No 27



SOMO Makes Partial Award Of 4Mn Barrel Kirkuk Tender

Iraqs State Oil Marketing Organization (SOMO) on 29 June awarded 2.63mn barrels of the 4mn barrels tendered in its first Kirkuk crude tender for over a year to ExxonMobil, Repsol and Total. The two European companies won 1mn barrels each with ExxonMobil picking up the remaining parcel. Bids had been requested for 1mn barrel cargoes. The nearby loading window prompted a wide price...