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SOMO Cuts Off The Official Sale Price Of Basra Light Crude To Asia Next Month

BAGHDAD, The Iraqi Oil Marketing Company (SOMO) announced the reduction of the official sale price of Basra light crude to Asia for the month of September next by $ 0.50 from the previous month, to reach $ 0.15 per barrel below the average prices offered to Oman and Dubai.

"Basra's heavy crude to Asia for the same month was priced at a discount of $ 3.15 a barrel from Oman and Dubai," SOMO said in a statement.

The official sale price of Basrah Light crude for shipments to North American and South American markets for September was set at a discount of $ 0.25 a barrel, below the Argos high sulfur index, up from the previous month.

The official price of Kirkuk crude for shipments to the United States is set at $ 0.55 a barrel above the Argus index.

For shipments to Europe, the official sale price of Basrah Light crude for September fell by $ 0.70 to Brent crude price of $ 4.80 per barrel, while the official sale price of Kirkuk crude for the same month rose to $ 3.45 without Brent.

Source: National Iraqi News Agency

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BAGHDAD, The Iraqi Oil Marketing Company (SOMO) announced the reduction of the official sale price of Basra light crude to Asia for the month of September next by $ 0.50 from the previous month, to reach $ 0.15 per barrel below the average prices offered to Oman and Dubai.

"Basra's heavy crude to Asia for the same month was priced at a discount of $ 3.15 a barrel from Oman and Dubai," SOMO said in a statement.

The official sale price of Basrah Light crude for shipments to North American and South American markets for September was set at a discount of $ 0.25 a barrel, below the Argos high sulfur index, up from the previous month.

The official price of Kirkuk crude for shipments to the United States is set at $ 0.55 a barrel above the Argus index.

For shipments to Europe, the official sale price of Basrah Light crude for September fell by $ 0.70 to Brent crude price of $ 4.80 per barrel, while the official sale price of Kirkuk crude for the same month rose to $ 3.45 without Brent.

Source: National Iraqi News Agency

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