Basra Medium | Egypt Oil & Gas

Iraq Revises Price Mechanism for 2021 Shipments

Iraq’s Oil Marketing Company (SOMO) has introduced a new look pricing mechanism used to compensate buyers for fluctuations in the density of its crude exports, which will commence with shipments in 2021.

Iraq to Produce a New Grade of Crude Oil

Iraq’s state-run Oil Marketing Company (SOMO) has announced its intentions to launch a third strain of crude oil export-grade called Basra Medium.

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