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Chinese companies acquire the largest share of Iraq's oil within a month
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Economy News _ Baghdad
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Added 06/27/2023 - 10:08 AM
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Economy News _ Baghdad
The Iraqi Oil Marketing Company "SOMO" announced today, Tuesday, that Chinese oil companies were the most purchasers of Iraqi oil during the month of May.
"Sumo" stated in a statistic published on its official website and seen by "Al-Iqtisad News", that "Chinese companies were the most numerous among other international companies in purchasing Iraqi oil, with 9 companies out of 39 companies that purchased oil during the month of May."
She added that "Indian companies came second with 7 companies, then South Korean and American companies came third with 4 companies each, and Italian and Greek companies came fourth with two companies each, while the rest were distributed among Spanish, (Dutch-British) and Turkish companies." Russian, Egyptian, Emirati, Kuwaiti, Jordanian, French, Indonesian, Japanese, and one company for each.
Somo indicated that it "depends on the sale of Iraqi oil on the main criteria for contracting with large, medium, independent and vertically integrated governmental international oil companies," noting that "the most prominent international companies that bought Iraqi oil are (Indian Hindustan, Korean Cocas, American Exxon Mobil, and Dutch-British Shell). Italian Wayne).
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Added 06/27/2023 - 10:08 AM
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