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SOMO: Chinese and Indian companies are the most buying Iraqi oil for November DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

SOMO: Chinese and Indian companies are the most buying Iraqi oil for November

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SOMO: Chinese and Indian companies are the most buying Iraqi oil for November Empty SOMO: Chinese and Indian companies are the most buying Iraqi oil for November

Post by claud39 on Thu Dec 26, 2019 8:22 am

SOMO: Chinese and Indian companies are the most buying Iraqi oil for November




26/12/2019



SOMO: Chinese and Indian companies are the most buying Iraqi oil for November 18467





Economy News _ Baghdad



The Iraqi Oil Marketing Company "SOMO" announced on Thursday that the Chinese and Indian oil companies were the most buying Iraqi oil during last November.

"Sumo" stated in an official statistic published on its official website and viewed by "Al-Iqtisad News", that "Chinese and Indian companies were the most numerous among other international companies buying Iraqi oil and by 7 companies each out of 34 companies that bought oil during the month of November the past".

 
Sumo added that "the American companies came third, with 4 companies, followed by South Korean companies, with 3 companies, Greek, British and Italian, with two companies," noting that "the rest was distributed among Egyptian, Jordanian, Portuguese, Russian, Turkish, Malaysian and Spanish companies."

 
Sumo indicated that it "depends in its sale of Iraqi oil on the main criteria for contracting with the major international oil companies, independent and integrated government vertically." ".

 
The Ministry of Oil had established the end of 2018 marketing mechanisms for 2019, which were adopted on the basis of the importance of each market in terms of the volume of demand and the revenue achieved per barrel.





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