Chinese companies acquire the largest share of Iraqi oil in a month

by times news cr

2024-01-29T07:56:07+00:00

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/ The Iraqi Oil Marketing Company (SOMO) announced on Monday that Chinese oil companies were the largest buyers of Iraqi oil during December of last year.

SOMO stated in a statistic published on its official website and reviewed by Agency, that “Chinese companies were the most numerous among other international companies in purchasing Iraqi oil, with 12 companies out of 44 companies purchasing oil during last December.”

She added that “Indian companies came second with 7 companies, South Korean companies came third with 4 companies, then Turkish companies came third with 3 companies, and American, Italian, Japanese, Emirati and Greek companies came fourth with 2 companies each, while the rest were distributed among Spanish, Dutch-British, Jordanian, Kuwaiti, Russian, Malaysian, Azerbaijani and French companies, with one company each.”

SOMO stated that it “depends in its sale of Iraqi oil on the main criteria for contracting with major and medium-sized independent and vertically integrated government oil companies,” noting that the most prominent international companies that bought Iraqi oil are “the Chinese Oasis, the Indian Nayara, the American Exxon Mobil, the Dutch-British Shell, and the Italian Eni.”

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