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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 08/24/2023 - 9:42 AM
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Economy News _ Baghdad
The Iraqi Oil Marketing Company "SOMO" announced today, Thursday, that the Chinese oil companies were the most numerous to buy Iraqi oil during the month of July.
In a statistic published on its official website and seen by Al-Iqtisad News, "Sumo" stated that "Chinese companies were the most numerous among other international companies in purchasing Iraqi oil, with 10 companies out of 40 companies that purchased oil during the month of July."
She added that "Indian companies came second with 7 companies, then South Korean and American companies came third with 4 companies each, Italian companies came fourth with 3 companies, Greek and Emirati companies came with two companies each, while the rest were distributed among Turkish companies." Spanish, (Dutch-British), Kuwaiti, Jordanian, Azerbaijani, Malaysian and Japanese, by one company each.
According to "SOMO", it "depends on its 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 the Indian company, Hindustan, the Korean Cocas, and the American Exxon Mobil." British Dutch Shell and Italian Eni.
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Added 08/24/2023 - 9:42 AM
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