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Iraqi Oil Marketing Company (SOMO) to Sell Oil Via Dubai Mercantile Exchange

This is the first time that Iraqi Basra crude oil to be sold through this exchange.

Dubai/ Iraq TradeLink: Oil trading sources reported that Iraqi Oil  Marketing Company (SOMO)
informed long-term buyers that it will sell two million barrels of  Basra light oil via a tender  through Dubai Mercantile Exchange.

This is the first time that Iraqi Basra crude oil to be sold through this exchange.


The sources pointed that no bids will be accepted if they do not have extra prices above the official selling rate for June, 2017.

 Source: Iraq TradeLink

 

 

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