Iraq awards oil exports; Basrah refinery starting up

Iraq's State Oil Marketing Organization (SOMO) announced June 11 the results of its tenders for the export of 9.5 million bbl of oil currently stored at Ceyhan, Turkey, the US Energy Information Administration reported. The tenders followed removal of 13-year-old sanctions by the United Nations Security Council on May 22 (OGJ June 2, 2003, p.17). Oil well sabotaged by retreating Iraqi forces burns. Click here to enlarge imageSOMO awarded 2 million bbl each to Total SA and ChevronTexaco Corp. for delivery to the US, and 5.5 million bbl for Europe to Repsol-YPF SA of Spain, CEPSA SA of Spain, ENI SPA of Italy, and a Turkish marketing firm Turpas. Loading is slated to continue through J...

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