Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile

LATEST NEWS

12:55 17-01-2018
New Information System to Help in Joint Development
All news

ARCHIVE NEWS

«    January 2018    »
MonTueWedThuFriSatSun
1234567
891011121314
15161718192021
22232425262728
293031 

Iraqi SOMO and Russian Lukoil to jointly trade Iraq's oil

logo russianconstruction.com
Iraqi SOMO and Russian Lukoil to jointly trade Iraq's oil

SOMO, the Iraqi state company for oil trade, and Lukoil, one of Russia's largest oil companies, have set up a joint venture to trade oil, Iraq Business News reports, citing the country’s Oil Ministry.


According to the news agency, Litasco, an international trader of Lukoil, will help to sell Iraqi oil and to train the staff of the Iraqi company in trading.

As a source familiar with the situation told Interfax news agency, the matter does not concern selling oil from the “Western Kurna-2” deposit, which is being developed by Lukoil, it concerns the sales of SOMO’s oil in commercial volumes. According to him, it’s pretty hard for SOMO to attain commercial volumes of the oil sales.

Related publications

PARTNERS

UP