Basra Medium

  • Iraq Revises Price Mechanism for 2021 Shipments

    Iraq Revises Price Mechanism for 2021 Shipments

    Tuesday, 24th November 2020

    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 to Produce a New Grade of Crude Oil

    Tuesday, 3rd November 2020

    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.