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Iraq sells Basra ore loading August with higher bonuses DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraq sells Basra ore loading August with higher bonuses

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Iraq sells Basra ore loading August with higher bonuses Empty Iraq sells Basra ore loading August with higher bonuses

Post by claud39 on Mon Jul 15, 2019 6:53 am

Iraq sells Basra ore loading August with higher bonuses




07/15/2019





Iraq sells Basra ore loading August with higher bonuses 16246





Economy News _ Baghdad

BAGHDAD (Reuters) - Iraq's state-run Iraqi Oil Marketing Company (SOMO) sold two shipments of Basra crude for August in higher bonuses through bids, three commercial sources said on Monday. 

They said Shell bought two million barrels of Basra light crude at a slightly higher premium than a dollar a barrel above the official sale price of crude, while Petro Diamond bought 1 million barrels of Basra heavy crude at a premium of about $ 2 a barrel above its official selling price. 

The sources said the shipments were sold without a specific destination but are likely to go to Europe where official selling prices are relatively lower.





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