VOL. XLVI

No 28

14-July-2003

IRAQ

SOMO Awards Basrah Light Cargoes

Iraqs State Oil Marketing Organization (SOMO) on 8 July awarded the four 2mn barrel parcels of Basrah Light crude tendered on 3 July to BP, ChevronTexaco, Shell and Taurus, MEESunderstands (MEES, 7 July). Taurus, the only trading company of the four without its own refining system, is understood to have agreed an aggressive price for the promptest cargo, scheduled to start loading on 10 July. Taurus is expected to on-sell the stem...