Follow-up scales News - Official said Friday / The Strategic Fuel Fund in South Africa seeks to import 24 million barrels of oil per year from Iraq to strengthen its reserves and will be the first imports of crude from Iraq to South Africa for more than ten years.
Said Sibusiso Jimd Acting Chief Executive of the Strategic Fuel Fund "Strategic Fuel Fund made a request to the Iraqi oil marketing company SOMO in order to obtain a stake in the context of security of supply and wait for response Sumo."
He added in comments to Reuters "We look forward to two million (barrels) a month up to 24 million (barrels) per year."
According to a senior Iraqi diplomat in Pretoria, the "South Africa has been looking forward to getting a much larger amount despite the fact that analysts are skeptical of the quantities mentioned."
The Iraqi diplomat said that "Sumo is also considering two requests separate from private companies for the amount totaling 24 million barrels of oil per year will be used to supply refineries in South Africa and the Southern African Development Community (SADC)." Ended 29 / d 25