No 15



SOMO Announces Second Open Tender For Kirkuk Crude

Iraqs SOMO on 7 April issued the second open tender for the FOB sale of Kirkuk crude oil from the Ceyhan terminal, with bids open for end-users only. The volume to be sold is 6mn barrels, in lots of 1mn or 2mn million barrels each, to be lifted during the period 19-26 April. The payment is in US dollars to be made not later than 30 days from Bill of Lading date by opening an irrevocable letter of credit opened...