Middle East Economic Survey


No 34



SOMO Issues 3Mn Barrels Kirkuk Tender

Iraqs State Oil Marketing Organization (SOMO) announced on 17 August it had issued a tender to sell 3mn barrels of Kirkuk crude in 1mn barrel parcels fob Ceyhan for loading 28 August to 6 September. SOMO said that bids were to be received by 1700 GMT on 22 August, with results published 24 hours later. The tender, the second this year after a 4mn barrel tender announced in June, reflects the...