No 27



SOMO Tenders First Basrah Light Oil Exports From Production Since War

Iraqs State Oil Marketing Organization (SOMO) on 3 July issued a crude tender for 8mn barrels of Basrah Light, representing the first Iraqi oil exports from production since the US/UK invasion. SOMO tendered 8mn barrels of storage oil in early June (MEES, 9 June). The tender document indicates that as before, SOMO will prefer to award volumes to refiners. The tender is for four, 2mn-barrel...