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SOMO sells two shipments of Basra crude to Chinese buyers at lower premiums

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SOMO sells two shipments of Basra crude to Chinese buyers at lower premiums Empty SOMO sells two shipments of Basra crude to Chinese buyers at lower premiums

Post by claud39 on Sat Aug 24, 2019 6:56 am

SOMO sells two shipments of Basra crude to Chinese buyers at lower premiums


24/08/2019





SOMO sells two shipments of Basra crude to Chinese buyers at lower premiums 8955







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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