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[rtl]Release date: 2018/9/26 9:06 • 154 times read[/rtl]
(Reuters) - Iraqi oil marketing company Sumo is considering acquiring Asian oil storage tanks and welcomes discussions on more profit sharing agreements as it seeks to expand its presence in the region, an oil ministry official said on Wednesday.
"The ministry is looking to acquire storage tanks on facilities in our main market, Asia," said Ali Nizar, director of crude oil and gas marketing at Sumo, in a press statement. "Any other agreements or deals to share profits, These objectives will be studied. "
Nizar added that the deals should not cause any conflicts of interest with existing agreements.
The Iraqi Oil Marketing Company (SOMO) earlier established a joint venture with Litasco, the trading arm of Russia's Lukoil, and began supplying Basra crude to Chinese partner Chen Hua Oil, which will soon set up a joint venture with it.
Sumo "revealed on Tuesday the total quantities of crude oil exported last August from the oil fields in central and southern Iraq, which witnessed an increase in terms of exported quantities and financial revenues compared to the last period, which amounted to more than 111 million barrels of imports exceeded the 7.7 Billion dollars
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Iraq is considering buying tanks to store oil in Asia
[/rtl][rtl]Release date: 2018/9/26 9:06 • 154 times read[/rtl]
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[rtl](Reuters) - Iraqi oil marketing company Sumo is considering acquiring Asian oil storage tanks and welcomes discussions on more profit sharing agreements as it seeks to expand its presence in the region, an oil ministry official said on Wednesday.
"The ministry is looking to acquire storage tanks on facilities in our main market, Asia," said Ali Nizar, director of crude oil and gas marketing at Sumo, in a press statement. "Any other agreements or deals to share profits, These objectives will be studied. "
Nizar added that the deals should not cause any conflicts of interest with existing agreements.
The Iraqi Oil Marketing Company (SOMO) earlier established a joint venture with Litasco, the trading arm of Russia's Lukoil, and began supplying Basra crude to Chinese partner Chen Hua Oil, which will soon set up a joint venture with it.
Sumo "revealed on Tuesday the total quantities of crude oil exported last August from the oil fields in central and southern Iraq, which witnessed an increase in terms of exported quantities and financial revenues compared to the last period, which amounted to more than 111 million barrels of imports exceeded the 7.7 Billion dollars
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