Dutch firm buys 30M barrels of Iraqi oil

Reuters reported that the Dutch company Vitol purchased between 25 and 30 million barrels of Iraqi oil in September at a discount of approximately $20 per barrel. This was due to the circumstances resulting from the American-Iranian war and its impact on the Iraqi oil market, which allowed large transportation-capable companies to acquire oil at very discounted prices. Both the company and Iraq's SOMO organization declined to confirm the purchases, reflecting a state of fluctuation in the Iraqi oil market due to the current conditions.

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