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Document: Iraq says it will not offset the costs of shipping crude in April to Europe and the Americas DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Document: Iraq says it will not offset the costs of shipping crude in April to Europe and the Americas

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Post by claud39 Thu Mar 19, 2020 9:02 am

 Document: Iraq says it will not offset the costs of shipping crude in April to Europe and the Americas


19/03/2020



Document: Iraq says it will not offset the costs of shipping crude in April to Europe and the Americas 19522





Economy News _ Baghdad

The Iraqi Oil Marketing Company (SOMO) notified its clients that it will not be able to compensate for a large jump in shipping costs for crude oil shipments to Europe and the Americas in April, according to a copy of a notice seen by Reuters on Thursday.

The company said in the notice issued to customers that the decision comes because of "the unprecedented big changes in freight rates in parallel with a significant drop in crude oil prices."





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