Middle East Economic Survey


No 35



BP, Cepsa And Total Allocated Kirkuk Crude In August Tender

BP, Cepsa and Total were each allocated 1mn barrels of Kirkuk crude to be lifted from Ceyhan by Iraqs State Oil Marketing Organization (SOMO) following the organizations tender of 17 August (MEES, 22 August). The tender, the second this year after a 4mn barrel tender announced in June, reflects the governments policy of pumping crude to Ceyhan whenever possible at lower than...