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.
SOMO | Egypt Oil & Gas - Part 3
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.
Egypt Receives Third Cargo of Iraqi Crude in 2018
Egypt has received 2 million barrels of Iraqi crude, the third shipment of 2018.
Iraq Raises Oil Selling Price for Asia-Bound Crude
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.
Iraqi Oil Exports Fall to 96 M Barrels
Iraq exported around 96 million barrels of oil in February 2018, generating revenues of $5.726 billion, the oil ministry has announced.
Iraq to Auction 4M Barrels of Oil
Iraq will offer up to four million barrels of crude in a Platt’s auction this week.
SOMO Awards Diesel-Import Contracts
The Iraqi oil-marketing firm, SOMO, awarded contracts for diesel importation to ZhenHua Oil, BB Energy, Litasco, and Lima.
Some Question Iraq’s Move to Change Oil Price Benchmark
Some refiners are expressing unhappiness with Iraq’s move to change its pricing mechanism.
