No 17



SOMO Awards New Kirkuk Crude Tender

Iraqs SOMO last week awarded the third tender for Kirkuk crude since the war, having been unable so far to ensure regular exports to be able to sign term contracts, although this may be possible soon now that the security of the pipeline system is more assured. SOMO awarded 1mn barrels each to Repsol and Cepsa, 920,000 barrels to Hellenic Petroleum, and 2mn barrels to Tupras, as well as 2.6mn barrels to ExxonMobil (2mn barrels...