China and India ranks first as the top buyer of Iraqi oil, SOMO

Shafaq News / The Iraqi Oil Marketing Company "SOMO" announced that the Chinese and Indian oil companies were the top buyers of Iraqi oil in December 2022.

According to SOMO statistics, 36 international companies bought Iraqi oil the last December.

China and India ranked first with seven companies each, followed by South Korea (four companies) and the United States and Italy (three companies each). Greece ranks fourth with two companies.

A company from Turkey, Spain, Taiwan, Malaysia, the British Netherlands, Kuwait, Russia, Jordan, Egypt, and the UAE purchased Iraq's oil.

The most prominent international companies that purchased Iraqi oil are the Chinese Pertochina, India's Hindustan, Italy's ENI, and US's Exxon Mobil.

The oil quantities are exported through Basra Oil Terminal, Khor al-Zubair Oil Terminal, and SPM from Arabian Gulf and Ceyhan terminal in Turkey from the Mediterranean Sea.