Iraq to Supply 1 M Tones of Oil to Lebanon Annually

• Sunday, 25th July 2021
• by Fatma Ahmed

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 refine...

EGPC Renews Oil Import Contract with SOMO 

• Tuesday, 15th June 2021
• by Editorial Team

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, according to the General Trade Union of Petroleum Work...

Iraq’s Oil Exports Amount to 89.9 mmbbl in May

• Thursday, 3rd June 2021
• by Editorial Team

Iraq’s total crude oil exports amounted to 89.9 million barrels (mmbbl) with revenues of $5.9 billion in May, according to Iraq’s Oil Ministry. Based on the State Organization for Marketing Oil (SOMO), the data indica...

Iraq Oil Exports Reaches 88.32 mmbl in April

• Wednesday, 26th May 2021
• by Fatma Ahmed

The Iraqi oil exports during April reached 88.319 million barrels (mmbl), achieving revenues estimated at . 55 billion, the Ministry of Oil announced according to data released from the State Organization for Marketin...

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

• Thursday, 25th March 2021
• by Fatma Ahmed

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 , four fuel oil trade sources ...

Iraq Revises Price Mechanism for 2021 Shipments

• Tuesday, 24th November 2020
• by Editorial Team

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, according to ...

Iraq to Produce a New Grade of Crude Oil

• Tuesday, 3rd November 2020
• by Editorial Team

Iraq’s state-run Oil Marketing Company (SOMO) has announced its intentions to launch a third strain of crude oil export-grade known as Basra Medium, according to Reuters. This new strand of medium-sour crude will be p...

Iraqi Oil Production Hits Highest Level since 2017

• Thursday, 8th August 2019
• by Editorial Team

Iraq’s crude oil production increased to 4.62 million per day (b/d) in July, as shown by the data of the State Oil Marketing Organization (SOMO), S&P Global reported. This the highest monthly figure for Iraq...

Iraq’s Southern Oil Exports Reach 3.42 MM b/d in July

• Monday, 15th July 2019
• by Editorial Team

Iraq’s oil exports from its southern ports have reached 3.42 million barrels per day (b/d) month-to-date, official sources told Reuters. In June, Iraqi exports from southern Basra terminals fell to 3.39 million b/d do...

Zhenhua Oil to Sign JV Agreement with Iraq’s SOMO

• Sunday, 4th November 2018
• by Editorial Team

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, two industry officials with direct knowledge of the matter told...