SOMO | Egypt Oil & Gas

Iraq’s Oil Production Increases by Almost 70,000 bbl/d in July

According to data from the state-owned marketer SOMO seen by Reuters on Wednesday, Iraq produced 4.584 million barrels of crude oil per day (mmbbl/d) in July, up 69,000 from June.

Iraq Oil Exports Record 92.4 mbbl During September

Iraq Oil Exports have reached to 92.422 million barrels (mmbl) during September 2021, achieving revenues worth $6.8 billion.

Iraq Oil Exports Record Over 92 M Barrels in September 2021

Iraq has recorded oil exports reached 92.4 million barrels during September 2021 achieving revenues estimated at $6.71 billion.

Iraq to Supply 1 M Tones of Oil to Lebanon Annually

The Iraqi Minister of finance, Ali Allawi, has signed an agreement with the Lebanon’s Minister of Energy and Water, Raymond Ghajar, to supply Lebanon with fuel of 1 million tons per year from the surplus of its re ...

EGPC Renews Oil Import Contract with SOMO 

The Egyptian General Petroleum Corporation (EGPC) renewed its contract with the Iraqi government to import about one million barrels (bbl) of crude oil per month.

Iraq’s Oil Exports Amount to 89.9 mmbbl in May

Iraq’s total crude oil exports amounted to 89.9 million barrels (mmbbl) with revenues of $5.9 billion in May.

Iraq Oil Exports Reaches 88.32 mmbl in April

The Iraqi oil exports, during April, reached 88.319 million barrels (mmbl) achieving revenues estimated at $5.55 billion.

Iraq’s SOMO Awards Contract to Supply Fuel to Chevron, Reliance

The Iraqi State Organization for Marketing of Oil (SOMO) has awarded a contract to supply 750,000 of straight-run fuel oil (SRFO) per month to Chevron Corporation and Reliance Industries in addition to an unidenti ...

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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