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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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    Sumo is considering including Basra crude in the international price list

    Rocky
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    • Post n°1

    Sumo is considering including Basra crude in the international price list Empty Sumo is considering including Basra crude in the international price list

    Post by Rocky Mon 20 Sep 2021, 6:53 am

    Sumo is considering including Basra crude in the international price list

    •  Time: 09/20/2021 08:11:23
       
    •  Reading: 637 times

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    {Economic: Al Furat News} The Oil Marketing Company "SOMO" is studying the proposal to adopt Basra crude in the international price list, while it confirmed that the total exported quantities of Basra's medium oil exceeded 241 million barrels since the beginning of the year until the 31st of last month.
    SOMO General Manager Alaa Khader Al-Yasiri said, in a press interview, that "the company has been constantly searching for all means and mechanisms that support maximizing the financial returns of the state through the continuous study of the reality of the global oil market and developments on it, and the company is currently studying the adoption of Basra oil in the price list. And if the study concludes that there is an economic feasibility in adopting this mechanism, the steps and procedures that support this trend will be followed, according to the powers and requirements to maximize revenues.
    He added that "Iraqi oil is a mixture of a group of fields in central and southern Iraq, most of which are in the governorates of Basra, Maysan and Dhi Qar, and most of these fields are made up of a mixture of crude oil, and that the medium crude is produced from the Basra governorate, whose export rate was 35.05% of the total The exported quantities of Iraqi crude oil compared to Basra crude oil (heavy and light) during the period from 1/1/ 2021 to 31/8/ 2021.
    Al-Yasiri indicated that "the total exported quantities of Basra medium crude oil during the period from 1/1/2021 to 31/8/2021 amounted to 241,306,742 barrels, and the percentage of the exported from it to Asian markets during the same period was 76.5%, with a quantity of 184,494,283 barrels."
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