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Iraqi Southern Oil Marketing Company (SOMO) Sells 2 Million Barrels of Basra Light Oil

SOMO will declare the official prices for June, 2017 in the second week of May, 2017.

Dubai/ Iraq TradeLink: Dubai Mercantile Exchange (DME)  stated that the Iraqi Oil Marketing

 
Company (SOMO) sold 2 million barrels of Basra light oil, which shall be handed over in June, 2017.

The statement pointed that the price was higher by 31 cents over the official selling price (OSP) in June next.

SOMO will declare the official prices for June, 2017 in the second week of May, 2017.

Iraq is planning to produce 5 million barrels of oil daily before the end of this year.


Dubai Mercantile Exchange Limited (DME) is the premier energy-focused commodities exchange in the East of Suez and home to the world's third crude benchmark. 
Source: Iraq TradeLink

 

 

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