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SOMO sells two shipments of Basra crude to Chinese buyers at lower premiums
Economy News - Baghdad:
SOMO sold 2 million barrels of Basra Light crude for loading in October at a premium of 60 to 80 cents a barrel above the official selling price, traders said.
SOMO also sold 2 million barrels of Basra heavy crude for loading in October at a premium of 50 to 60 cents a barrel to the official selling price, they said.
They said bonuses had fallen and that the shipments had been sold to Chinese buyers.
Earlier, SOMO sold a shipment of Basra Light for loading in September at a premium of about $ 1.26 a barrel, and a shipment of Basra Heavy for loading in September at a premium of more than $ 1.60 a barrel.
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