Highlights Iraq’s SOMO sent letters to customers informing them of offer Offer included 4 million barrels/month supply over 5 years Supply to be partially pre-paid, SOMO said in letter Dubai — Iraq’s proposal to offer crude buyers a five-year contract to supply 4 million barrels/month that is partially pre-paid has garnered interest from several Asian oil companies, a source familiar with the matter told S&P Global Platts Nov. 24. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Iraq’s State Oil Marketing Organization “received numerous responses especially from Asian companies,” the source said. SOMO is still in contact with Western buyers, the source added. SOMO could not be immediately reached for comment. SOMO, the state marketer for oil exported from federal Iraq, had sent a letter to oil companies informing them of the proposal, which includes the upfront payment of a year’s worth of oil supply. […]