No 10


Initial Kirkuk Exports To Be Sold On Tender Basis

MEES learns that SOMO has decided to sell initial Kirkuk oil from the Turkish port of Ceyhan on a tender basis, similar to the sale of the crude that was left over in the tanks after the war (MEES, 7 July and 9 June 2003). However, SOMO has not decided yet whether on this occasion it will opt for open tenders or invite bids only.

It is understood that the throughput of Kirkuk stands at 450,000 b/d, and that around...