we are in a position to secure contracts to procure Iraqi Basra Light Crude Oil and Basra Heavy Crude Oil directly from SOMO (The State Oil Marketing Organization).
Please note that:
SOMO sells oil to refineries only on FOB basis, in accordance with OPEC regulations.
Iraq offers attractive Distance Discounts depending on location of the refinery.
Our role is limited to securing a contract with SOMO, we have nothing to do with prices and discounts.
No upfront payment. SOMO collects payment from the Revolving Documentary Letter Of Credit (RDLC) which would be established by the buyer after signing the contract within 30 days from date of departure of the buyer�¢??s ship after loading of oil and handover of Certificate of Transfer of Oil Ownership from SOMO to the buyer.
If you need further clarifications or have questions, please feel free to contact me.
Regards,
For serious buyers of Basrah Light Crude Oil (Heavy grade as well). We can secure a term contract for the buyer to get oil allocation directly with SOMO/Iraq's Ministry of Oil. Buyer should be willing to follow SOMO's procedures and submit required documents. I am working with a crude oil facilitator in Oman. If interested, message me/reply here/send me your email, I'll send you the details.
For serious buyers of BASRA LIGHT and BASRA HEAVY crude oil. We can arrange a term contract directly with SOMO/Iraq's Ministry of Oil. We can help the end buyer get oil allocation from SOMO. For serious buyers only, willing to follow SOMO's procedures. I am working with a crude oil facilitator in Oman. The deal is directly with SOMO/Iraq's Ministry of Oil. If interested, message me/reply here/ send me your email, I'll send you the details. Thanks!
I'm excited to share that we've recently acquired a mandate for Crude Oil. We're now in partnership with a top-tier supplier, providing access to both Light and Heavy Crude from various countries. Our offerings include CIF and FOB options, with competitive pricing based on Platts (ranging from Minus -4 to Minus -11), which varies with the grade and source location. Our collaboration with a Primary Supplier ensures adherence to strict terms, protocols, and procedures, allowing us to offer favorable terms dependent on the buyer's financial standing. To proceed with a tailored quote, our supplier requires the following documents: * Audited Financial Statements (last 3 years) * W-9 Credit Form for US Companies OR W8/International Credit Information for Non-US Entities * Articles of Incorporation/Organization * Contact details (name, phone, email) for Credit/Billing We're eager to explore the potential of working together. Please let us know if you're interested in receiving a quote. Best regards, Allen Managing Partner, Magnolia Industries
Supplier: Iraqi basra light crude oil and basra heavy crude oil
Crude Oil: Bonny Light REBCO ESPO (Siberia Pacific Oil) Basra Light WTI Southern Green Cayon Blend Olmeca Mexican crude Heavy Crude, etc. Product Description : Crude oil is a mixture of hydrocarbons that formed from plants and animals that lived millions of years ago. Crude oil is a fossil fuel, and it exists in liquid form in underground pools or reservoirs, in tiny spaces within sedimentary rocks, and near the surface in tar (or oil) sands Price of product ( USD price or FOB price) : Price on request Product origin : Worldwide Key Specifications/Special Features : Specifications for types/grades of crude (special grade needed by buyer) will be issued after received your credible purchase request in the form LOI/ICPO docs. Minimum Order Size and Packgaing details : Bulk in tanker vessels. Tanks 20 MT.
Origin: Nigeria; Price: Discount $10; Delivery Terms: CIF ; Supplier: NNPC; Payment: MT799 BLOCK FUND or MT760 SBLC OR MT700 DLC;
Supplier: Basra light crude oil, basra medium crude oil, basra heavy crude oil
Product Description : BLCO contain 17 product iterms Price of product ( USD price or FOB price) : FOB USD 13/4, CIF USD10/4, per barrel. Product origin : Nigeria Key Specifications/Special Features : NNPC STANDARD NNPC TECHNICAL SPECIFICATIONS: SPECIFIC GRAVITY: 0.8398 API AT 60 DEG. F: Min 34.00 5% (ASTM D-1298) WATER CONTENT BY DISTILLATION: 0.2% (ASTM D-4006) POUR POINT DEGREES F: BELOW 40 (ASTM D-97) SULFUR WEIGHT %: 0.14 (ASTM D-139) SALT CONTENT PARTS PER BILLION: 3.0 (ASTM D-526) REID VAPOR PRESSURE (P.S.I.G.): 6.52 (ASTM D-529) KINEMATIC VISCOSITY @ 30 DEG. C: 2.2 (ASTM D-523) DISTILLATION INITIAL BOILING POINT (IBP): 35 DEG. C (ASTM D-86) DISTILL TO 75 DEG. C VOL.%: 7.0 DISTILL TO 175 DEG. C VOL.%: 35.5 DISTILL TO 250 DEG. C VOL.%: 51.5 DISTILL TO 300 DEG. C VOL%: 60.5 COLOUR Dark Brown Minimum Order Size and Packgaing details : 2 Million, 4 Million and 10 Million Barrel, Minimum 2 Million barrel Vessel per month.
For latest pricing Enquiry, Please contact us on our email and contact details Light Cycle Oil (LCO) is a diesel boiling range product from Fluid Catalytic Cracking Units (FCCUs). FCCU is responsible for the production of petrol, LPG and Light Cycle Oil (LCO). There are various ways of economically upgrading LCO, which include hydrotreating, high pressure hydrocracking for full conversion of LCO into Naphtha and a more optimized partial conversion hydrocracking process. It can be used in susch industries as Agrochemical, Crude Oil, Petrochemicals, Petroleum Products.
