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'Pre payment' Reuters: Iraq is seeking to conclude the first oil deal of its kind extending for 5 years 2020.11.23 - 23:04 Baghdad - People The Ministry of Oil revealed, on Monday, that Iraq is seeking to conclude its first-ever advance payment of crude oil to support its finances, as it seeks to counter the decline in oil prices and demand due to the Coronavirus pandemic. According to a letter sent by the state oil marketing company (SOMO) to its customers published by Reuter