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Indian and Chinese companies acquire the largest share of Iraqi oil
Economical 2023/04/30
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The Iraqi Oil Marketing Company "SOMO" announced yesterday, Saturday, that the Indian and Chinese oil companies were the most numerous to buy Iraqi oil during the month of March.
"SOMO" stated in a statistic published on its official website that "Indian and Chinese companies were the most numerous among other international companies in purchasing Iraqi oil, with 7 companies each out of 35 companies that purchased oil during the month of March."
She added, "South Korean companies came second with 4 companies, American companies came third with three companies, then Emirati and Greek companies came fourth with two companies each."
She pointed out that "the rest was distributed among (Dutch-British), Russian, Jordanian, Kuwaiti, Spanish, Turkish, French, Azerbaijani, Italian and Malaysian companies, with one company for each."
According to "SOMO", it "relies on selling Iraqi oil on the main criteria for contracting with large, medium, independent and vertically integrated governmental international oil companies." And the company added that the most prominent international companies that bought Iraqi oil are the "Indian Hindustan Company, the Korean Cocas, the Chinese Petrogene, the American Exxon Mobil, the Dutch-British Shell and the Italian Eni."
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