Iraq Explores Global Crude Storage with Exxon ...Middle East

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Iraq Explores Global Crude Storage with Exxon
source : OILPRICE ( Middle East ) () 171
Iraq’s state oil marketing firm is in discussions with Exxon for potential crude storage sites close to demand markets in Asia, the United States, and Europe, Bloomberg reports, citing a senior Iraqi executive. “We, as SOMO, are in need to create a stable market for Iraqi crude oil, and to have good strategic storage for Iraqi crude oil and oil products in future as well,” Ali Nizar, the director general of the Iraqi state oil marketing company, SOMO, said.  Iraq plans to use storage sites in Singapore and “wherever…

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