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Iraq Ministry of Oil News: SOMO Signs a Contract with Litasco Russian Company.

Mr. Falah Al-Ameri the director general of SOMO signed the contract with Mr. Tim bullock the director general of Litasco.

By the presence of the minister of oil Mr. Jabbar Ali Hussein Al-Luiebi… the oil marketing company (SOMO) signed a contract as a "joint venture" with Litasco Russian Company.

   Mr. Falah Al-Ameri the director general of SOMO signed the contract with Mr. Tim bullock the director general of Litasco.

   Mr. Al-Luiebi said that the signature of the contract between the two companies will achieve financial benefits for the two parties "especially in the sector of the commercial dealings & oil marketing".

   Mr. Al-Ameri confirmed that the aim behind the contract is to transform the company to a commercial company contributes in selling the Iraqi oil. The contract also guarantees training and develop the staff of the company according to the demands of the next period.

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