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    Iraq maintaining its position in Indian market despite rise in Russian oil imports - SOMO head

    Synopsis

    "Several countries including India found Russian crude oil, which is now being sold with big discounts, as an alternative to competing crude oils," said state-owned marketer SOMO's head, Alaa al-Yasiri.

    oil1 agenciesAgencies
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    Iraq is still maintaining its position in the Indian oil imports market despite India's increased imports of Russian oil, state news agency INA reported on Friday, citing the state-owned marketer SOMO's head, Alaa al-Yasiri.

    "Several countries including India found Russian crude oil, which is now being sold with big discounts, as an alternative to competing crude oils," Al-Yasiri said.

    But Iraq is keeping up its high market share in India thanks to the contracts it has with government and private refineries, Al-Yasiri said.


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