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Al-Sorji: Selling oil through SOMO will achieve transparency and generate large revenues
Today 09:19 4 shares
Information / Baghdad...
A member of the Patriotic Union of Kurdistan, Ghiath Al-Sorji, confirmed that
selling oil through the SOMO company will bring large revenues to the country, pointing out that
the regional government sells oil at about $10 less than the market price, in addition to the lack of transparency in this file. Al-Sorji told Al-Maalouma,
"The policy of the Patriotic Union of Kurdistan, since the extraction and export of oil, stresses the need to export oil through the SOMO Oil Marketing Company, as well as the revenues through the federal government." He added,
"There is a lack of transparency in the export of oil and revenues for selling it across the region, as the Patriotic Union of Kurdistan welcomes the recent decision regarding oil exports, which will be handled by SOMO." And that
"exporting oil through the SOMO company, transparency will be present, and the selling price will differ from what was sold through the region, as
the Kurdistan government was selling oil at less than the market by about $10, and
therefore selling through SOMO will generate additional revenues." ended 25 n
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Today 09:19 4 shares
Information / Baghdad...
A member of the Patriotic Union of Kurdistan, Ghiath Al-Sorji, confirmed that
selling oil through the SOMO company will bring large revenues to the country, pointing out that
the regional government sells oil at about $10 less than the market price, in addition to the lack of transparency in this file. Al-Sorji told Al-Maalouma,
"The policy of the Patriotic Union of Kurdistan, since the extraction and export of oil, stresses the need to export oil through the SOMO Oil Marketing Company, as well as the revenues through the federal government." He added,
"There is a lack of transparency in the export of oil and revenues for selling it across the region, as the Patriotic Union of Kurdistan welcomes the recent decision regarding oil exports, which will be handled by SOMO." And that
"exporting oil through the SOMO company, transparency will be present, and the selling price will differ from what was sold through the region, as
the Kurdistan government was selling oil at less than the market by about $10, and
therefore selling through SOMO will generate additional revenues." ended 25 n
[You must be registered and logged in to see this link.]
