Iraq Presses Costomers for Data in Clamp Down on Basra Oil Resales

published:21/10/2018 06:27 GMT

Iraq's state oil marketer SOMO is seeking data from its customers to see where their Basra crude cargoes were eventually consumed to catch buyers who may have flouted their purchase agreements, multiple industry sources said this week. Iraq, the second-largest producer among the Organization of the Petroleum Exporting Countries (OPEC), currently restricts the delivery of its long-term crude sales to the buyers' own refining system, the sources said. However, the company did not enforce the...More