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Iraq sells 4 mln barrels Kirkuk oil to Exxon,Tupras

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sabra Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-25-06 10:22 AM
Original message
Iraq sells 4 mln barrels Kirkuk oil to Exxon,Tupras

http://today.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?view=CN&storyID=2006-06-25T140613Z_01_L25205916_RTRIDST_0_ENERGY-IRAQ-KIRKUK-UPDATE-2.XML&rpc=66

Iraq sells 4 mln barrels Kirkuk oil to Exxon,Tupras

DUBAI, June 25 (Reuters) - Iraq has sold 4 million barrels of Kirkuk crude to U.S. oil major Exxon Mobil and Turkish oil refiner Tupras (TUPRS.IS: Quote, Profile, Research), the first exports from its troubled northern Kirkuk fields in nearly a year.

Iraq's state oil marketer SOMO said in a statement that both companies would take 2 million barrels each. It gave no further details and SOMO officials were not immediately available for comment.

Iraq on June 19 issued its first tender since last August to sell 6 million barrels of Kirkuk, loading between June 27 and July 1.

Iraq is aiming to sustain crude exports from its giant Kirkuk oilfields and hopes to issue a second sales tender at the end of next month.


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teryang Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-25-06 10:36 AM
Response to Original message
1. So this is going to pay for the war right?
We're gonna get our $400 Billion back soon!
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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-25-06 10:48 AM
Response to Reply #1
6. Nope
That's Iraq's money ! As far as I'm aware they are not due to pay anything back. Why should they ?
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-25-06 10:37 AM
Response to Original message
2. Who's paying for it, and where is the money going?
Oh well, I suppose those are just a couple more details to be lost in the fog of war.
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stepnw1f Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-25-06 10:38 AM
Response to Original message
3. Follow the Money
that's all I have to say.
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-25-06 10:44 AM
Response to Original message
4. They ain't got it yet
"both companies would take 2 million barrels each"

Now if they can actually take delivery...
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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-25-06 10:46 AM
Response to Reply #4
5. My thought too -
be stolen sonewhere along the way more likely.
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daleo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-25-06 05:05 PM
Response to Original message
7. U.S. oil demand is 20 million barrels per day
So, this would keep things humming for one afternoon.
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