اليات تسعير النفط الخام المصدر في العراق للمدة 2003 - 2016 : دراسة حالة شركة سومو == The Pricing Mechanisms of Crude Oil Exported in Iraq for the Period 2003 - 2016 ( Case Study For (SOMO)) Company
Author name:
علياء عبد الامير ابراهيم
Supervisor name:
شعبان صدام منشد الامارة
General topic:
Administration and Economics
Specific topic:
Economy - Energy
Degree:
Higher Diploma
University:
University Of Basrah - Faculty Of Administration And Economics - Department Of Economics
Language:
Arabic
University location:
Basrah
First pages:
07T4789 - p.pdf
Abstract:
Iraqi economy mainly depends on the oil sector since it is the basic pillar of this economy. The Iraqi oil significantly contributes to the Gross Domestic Product (GDP) in terms of a quantity of the produced oil from one hand and the prices of oil from the other hand.The Iraqi oil has marketed internally and externally by State Organization for Marketing of Oil (SOMO) since it is the only company which has the rights to marketing and pricing the Iraqi oil as well as selling to the main three markets in Europe, Near East and American markets.The oil pricing conducts globally according to prices of the international markets of oil what is called (reference oil) which includes prices of Brent, Dubai oil price, Oman oil price, and west Texas (ASCI). The contracts are conducted by SOMO for selling the Iraqi oil to the international markets since that the aim of SOMO is to find an international market for selling the Iraqi crude oil products.The present study aimed to arrive at the actual way to pricing the Iraqi oil.The study included three chapters. Chapter One is about classifications of the crude oil globally as well as the international references of pricing the crude oil. Chapter Two dealt with the importance of the oil sector for the Iraqi economy and its contribution to the GDP of Iraq. Chapter Three presented classifications of the Iraqi exported oil and the mechanisms to pricing the Iraqi oil and the mechanism of determining the quantity of the exported crude oil .The study concluded a set of recommendations and conclusions on the top of them that SOMO grant some discount for the prices of Iraqi oil on the account of the quality of Iraqi oil which is questionable since SOMO do not reveal the clear criteria for those discounts
