SOMO: Negotiations are underway to utilize some of the existing pipelines in the Gulf states.
April 2 (Reuters) - Iraq's state oil marketing company SOMO said on Thursday it continued exporting oil through southern ports until March 8, and that oil revenues for that month amounted to about $2 billion.
She added that talks are underway to use pipelines in the Gulf states.
The official Iraqi News Agency quoted the company's general manager, Ali Nizar Al-Shatri, as saying, "We were able to continue exporting from the southern ports until last March 8th, and thus we achieved good rates compared to other countries whose exports stopped immediately in the Arabian Gulf basin."
He stated, "We are trying to capitalize on any opportunity currently available to export oil, and there are ongoing negotiations to utilize some of the existing pipelines in the Gulf states that extend beyond the Strait of Hormuz."
