• 23-01-2012

    Iraqi firm buys nearly 1.5m tonnes oil products

    Iraq: Iraq's State Oil Marketing Organisation (Somo) has signed a contract to buy around 1.5 million tonnes of gasoil and gasoline for delivery over the first half of the year, Reuters has reported, citing industry sources. The cargoes are to be delivered into the Khor Al Zubair terminal. Overall volumes bought for gasoil are about half the usual volumes imported into Iraq every month, the source added. "It's still unclear how they are going to cover the rest of the supplies as they usually need about three to four cargoes a month," he said. []