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.
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.
Thursday, 8th August 2019
Iraq's crude oil production increased to 4.62 million per day (b/d) in July, recording its highest level since January 2017.
Monday, 15th July 2019
Iraq’s oil exports from its southern ports have reached 3.42 million barrels per day (b/d) since the beginning of July.
Sunday, 4th November 2018
China's Zhenhua Oil is expected to sign an agreement with Iraq’s State Oil Marketing Organization (SOMO) to establish a joint venture (JV) company.
Tuesday, 23rd October 2018
Iraqi state oil marketing company SOMO has sold Basra crude oil on the Dubai Mercantile Exchange (DME) for the first time since January.
Monday, 1st October 2018
Iraq is increasing crude oil production from its Qayara oil field with a target of 60,000 b/d before 2019, the field was nonoperating until 2017 as it was occupied by IS insurgents.
Tuesday, 28th August 2018
Iraq’s state oil marketer SOMO is closing in on a deal with China’s state-run Zhenhua Oil for a joint venture to help boost Iraqi oil sales to China, the world’s top oil importer.
Wednesday, 27th June 2018
Egypt has received 2 million barrels of Iraqi crude, the third shipment of 2018.
Monday, 11th June 2018
Iraq's State Oil Marketing Organization (SOMO) has raised its oil selling price for July exports of Basra Light and Basra Heavy crude grades to Asia.