Iraq cuts crude oil supply for most Indian refiners in 2021: report

Iraq cuts crude oil supply for most Indian refiners in 2021: report
 Iraq cuts crude oil supply for most Indian refiners in 2021: report

News agency Reuters quoted sources as saying that Iraq has reduced the annual Basra crude oil supply to several Indian refineries by 2021. The report said that Iraq's Oil Marketing Company (SOMO) supplied about 350,000 bpd to the Indian Oil Corporation. SOMO is reportedly planning to reduce Bharat Petroleum's oil contract by almost a quarter from last year's 100,000 bpd.

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