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.
SOMO | Egypt Oil & Gas - Part 3
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.
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.
