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.
SOMO | Egypt Oil & Gas - Part 2
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.
Iraqi Oil Production Hits Highest Level since 2017
Iraq's crude oil production increased to 4.62 million per day (b/d) in July, recording its highest level since January 2017.
Iraq’s Southern Oil Exports Reach 3.42 MM b/d in July
Iraq’s oil exports from its southern ports have reached 3.42 million barrels per day (b/d) since the beginning of July.
Zhenhua Oil to Sign JV Agreement with Iraq’s SOMO
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.
Iraq Resumes Sale of Basra Oil on DME
Iraqi state oil marketing company SOMO has sold Basra crude oil on the Dubai Mercantile Exchange (DME) for the first time since January.
Iraq Targets 60,000 b/d at Qayara Field Before 2019
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.
Iraq, China Joint Venture Deal by November
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.
