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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    SOMO" develops its own platform to sell crude oil at auctions

    Rocky
    Rocky
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    Posts : 272448
    Join date : 2012-12-21

    SOMO" develops its own platform to sell crude oil at auctions Empty SOMO" develops its own platform to sell crude oil at auctions

    Post by Rocky Wed 28 Feb 2018, 7:40 am

    [ltr]Economie[/ltr]
     From 2018-02-28 at 16:02 (Baghdad time)
    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]Follow - Mawazine News[/ltr]
    [ltr]The head of the Iraqi oil marketing company (SOMO), Ali Nizar, announced on Wednesday the development of the special Somo platform for the sale of crude oil at auctions, while revealed that the company is considering an offer to put crude in an auction through the agency Argos.[/ltr]
    [ltr]"The State Oil Marketing Company is developing its own platform to sell its crude by auction," Nizar told reporters at a conference in Berlin, according to Reuters news agency.[/ltr]
    [ltr]"The logic of the auction is to sell limited quantities, as soon as there is a chance from the reality of our study of the market to make more money for each barrel and to win new market shares, we will move forward with that," he added.[/ltr]
    [ltr]"Sumo is considering an offer to auction crude through an Argos agency," he said.[/ltr]
    [ltr]Sumo began selling Basra crude through an auction on the Dubai Mercantile Exchange in April.[/ltr]
    [ltr]Shipments began to come through Platts pricing agency last month[/ltr]




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