SOMO | Egypt Oil & Gas - Part 3

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.

Iraq to Shift Price Benchmarks for Asia

Iraq will adopt a new crude-oil benchmark for its Asian exports.

Iraq Exports 592m Barrels of Oil in 1H 2017

Iraq exported more than 592m barrels of oil since January, according to the Oil Marketing Company SOMO.

Iraq Mulls Largest Sovereign Oil-Hedging Deal

Iraq is mulling an oil hedging program to lock in prices for future crude sales, potentially topping a similar deal run by Mexico.

Egypt, Iraq Sign Oil Exports Agreement

The Iraqi Oil Marketing Company (SOMO) has signed a contract for oil exports with the Egyptian government.

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