Iraq is in talks with Exxon Mobil Corp. for oil storage in Asia and other markets where it sells crude, as it looks for access to facilities to ensure continued supply to customers during times of crisis.
Iraq’s state oil marketing company SOMO is considering storage sites in Singapore and “wherever there is an opportunity to target major markets including Asian market and European market,” Director General Ali Nizar told reporters in Baghdad. It’s also looking at the US as an option, he said.