Chinese state oil trader Zhenhua Oil Corp has emerged as the frontrunner in a tender to buy Iraqi crude for five years, a source with knowledge of the matter said. The company has submitted the “most competitive bid” in the tender held by Iraq’s state oil marketer SOMO that attracted participation from international oil companies, …
The post China’s Zhenhua Oil is frontrunner in Iraq’s 5-year crude supply tender -source first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John