The Iraqi State Organization for Marketing of Oil (SOMO) has awarded a contract to supply 750,000 of straight-run fuel oil (SRFO) per month to Chevron Corporation and Reliance Industries , four fuel oil trade sources told Reuters.
The sources added that the validity of the contract will be from April to September with 50% of the monthly volume going to Chevron and 25% of the volume going to Reliance and the oil trader for each.
The company awarded the contract with premium $25 per ton to Middle East quotes for high-sulphur fuel with a viscosity of 180-centistoke, according to two of the sources.
Iraq’s SOMO Awards Contract to Supply Fuel to Chevron, Reliance
Fatma Ahmed 2046 Posts
Fatma Ahmed is a staff writer with six years’ experience in Journalism. She is working in the field of oil and gas for four years. She also worked in the field of economic journalism for 2 years. Fatma has a Bachelor Degree in Mass Communication.
