Iraq raises the price of June shipments of crude oil

Thursday, 09 May / May 2013 12:54



Twilight News / said the Iraqi Oil Marketing Company (SOMO) said on Thursday that Iraq is raising the price of June shipments of Basra Light crude for buyers Americans, Europeans and Asians.

Iraq is a member of OPEC crudes rose last Friday by two dollars and 50 cents to settle at $ 101.47 a barrel after it was 98.97 dollars a barrel on Thursday.

Somo said that Iraq is raising the price of June shipments to U.S. buyers by 20 cents to the level of at least $ 1.90 per barrel for the Argus index, according to Reuters.

June and determine the price for Asian buyers at a discount of 15 cents a barrel for the Average crude Sultanate of Oman and Dubai against a discount of 70 cents for the previous month.

And determine the price of Basra crude for European buyers, including at least $ 3.35 for the spot price for North Sea crude compared with a discount of $ 4.85 the previous month.

Iraq produces about 3 million barrels daily exports of 2.6 million barrels a day through the ports of Basra in the south tube line linking Kirkuk Turkish port of Ceyhan on the Mediterranean.

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