SOMO “Close to JV” with China’s Zhenhua

By John Lee.

Iraq’s State Oil Marketing Organization (SOMO) is reported to be close to a deal with China’s state-run Zhenhua Oil to boost its crude oil sales.

According to Reuters, China is under pressure to cut oil purchases from Iran, as the United States re-imposes sanctions on Tehran.

More here.

(Source: Reuters)

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