Iraq’s State Oil Advertising Group (SOMO) seeks to buy gasoil cargoes for supply in August and September by a spot tender, Reuters reported.
The state-owned firm is in search of to buy 127,500 tons (949,875 barrels) of gasoil with a sulfur content material of two,500 components per million, with the primary cargo of 40,000 tons scheduled to be loaded by August 1.
The deadline for submitting bids within the tender is July 22, with presents to stay legitimate for 20 days.
Two buying and selling sources stated that SOMO sought in January to promote volumes of gasoil with a sulfur content material of 1,000 components per million for cargo between February and April, both from Khor al-Zubair port or Umm Qasr port.
SOMO has additionally been lively in gasoline oil exports, together with contracts routed through Syria in 2026 because of disruptions in Gulf delivery lanes.
Iraq started working the brand new Karbala refinery in 2023, at full capability reaching 140,000 barrels per day (bbl/d), following its trial operation carried out on September 11, 2023.
