Increased Iraqi Tenders For Gasoline

Iraq is hoping to buy 9% more gasoline during the first half of 2011 than it did during the first six months of this year, according to Bloomberg.

The State Oil Marketing Organisation (SOMO) plans to purchase 880,000 metric tons of gasoline for delivery between Jan. 1 and June 30, according to tenders posted on the Oil Ministry’s website. That’s an average of 146,667 tons each month compared with the 135,000 tons Iraq bought for the first six months of 2010.

SOMO is also seeking to buy 230,000 tons of gasoil with 0.1-percent sulfur content, 30,000 tons of kerosene, and 39,000 tons of liquefied petroleum gas (LPG), according to tenders on the website.

(Source: Bloomberg)

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