The Mechanisms of Pricing Iraqi Crude Oil and It's Reflect On the Trends of Export (2003-2013)
DOI:
https://doi.org/10.33095/jeas.v23i97.311Keywords:
مرجعيات التسعير - نوعيات النفط العراقي - شركة سومو وسياسات تسعير النفط العراقي - اتجاهات تسويق النفط العراقي, Mechanism of Pricing- Types of Iraqi crude Oil- SOMO and policies of pricing Iraqi crude oil - Trends of Iraqi crude oil marketing.Abstract
Oil is considered the most important source for providing the funds for the national economic sectors. The revenues of oil constitute %95 of the GPD. Therefore, the development of the remaining sectors depend on oil..
The Iraqi Oil Marketing Organization (SOMO) depended on the a unified price for all the buyers, That may not reflect the real value of market and did not contribute in marketing the type of heavy oil. Then, to what extent had SOMO been able to market the light and heavy crude oil in a way that contains the expected increase in the crude oil production.
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