Iraq sells a million barrels of oil to a Taiwanese buyer

[yota691]

Iraq sells a million barrels of oil to a Taiwanese buyer

11:38 - 05/22/2020

 

  

The information / Baghdad ..

Trade sources reported on Friday that the Iraqi Oil Marketing Company (SOMO) sold one million barrels of Basra Light Crude for download in June at a premium of about $ 4.50 a barrel above the official selling price to a Taiwan buyer through an immediate bid awarded on Thursday.

The sources told Reuters, "The shipment was offered for download from June 28 to 30."

Prior to this, traders said Philip 66 sold 1 million barrels of Basra Light crude for download in June at a premium of about $ 4.70 a barrel above the official selling price in the spot market. End / 25

[Mammaw]

Well, its not $30 but I guess if you have as much oil as they do you can afford to give it away.