Somo: We seek to expand the share of our oil exports in the European market

Baghdad-INA 

The head of the National Oil Marketing Company (SOMO), Alaa Al-Yasiri, confirmed today, Thursday, the company's endeavor to expand Iraq's share in the European market, and implement a strategy to open new markets for Iraqi crude oils, noting that Iraq scored advanced ranks in oil marketing in Asia. .

Al-Yasiri told the Iraqi News Agency (INA), that "the work mechanisms of the Oil Marketing Company are focused on ensuring the preservation of the marketing shares of Iraqi crude oils in the most important global crude oil markets, such as Asia, America and Europe, and the efforts of this company have resulted in registering advanced ranks as the largest suppliers of crude oil to the most important Consuming countries, especially in the vibrant and promising Asian market, according to the testimony of specialized and accredited international sites in this field.

He added, "The company, as part of its marketing strategy, has been studying all possibilities and means available to expand the current marketing shares and potential opportunities, and is currently working to expand its share in the European market, investing in the decline of Russian imports to this region and its need to provide alternatives.".

"SOMO is working diligently and continuously to open new and stable markets for Iraqi crude oils, and the implementation of these strategies is done through careful and continuous monitoring of the global oil market and attendance at international conferences with the aim of meeting as many companies as possible to introduce Iraqi crude oils in terms of quality and logistics and to display the advantages that it enjoys." These companies must try to attract them and start doing business with them.”