Tag Archives: State Organization for Marketing of Oil (SOMO)

Iraq has canceled a 1-million-barrel spot crude sale and will defer two more shipments as part of efforts to comply with its OPEC+ production targets, following overproduction in the first half of the year, a senior official from the state oil marketer SOMO said on August 29 and reported by …

The Iraqi Ministry of Oil confirmed on Friday that oil export revenues through January surpassed $8.025 billion. According to row data issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during January were slightly more than 103.5 million barrels, with revenues reaching $8,025,616. …

Iraq’s government-owned oil marketing company, SOMO, announced that the average daily oil exports during the first week of September reached 2.5 million barrels. According to a table, SOMO reported that “the average daily export during the first week of September reached 2.504 million barrels at an average price of $89.203 …

Iraq’s State Oil Marketing Organization (SOMO) has reported a rise in its exports to Jordan for August, with the price of a barrel standing at $70.22. With this price tag, Iraq has offered Jordan a discount of $13.13 per barrel, given that the official selling rate declared by Iraq’s Ministry …

The State Oil Marketing Organization (SOMO) has reported that Iraq exported more than one billion dollars’ worth of three petroleum products during the first quarter of 2023. According to a table released by SOMO, Iraq exported three petroleum derivatives totaling $1,113,220,043, with a quantity of two million, six hundred thirty-six …

Iraq is asking a U.S. federal court to enforce a ruling against Turkey over crude oil exports Turkey received from the Kurdistan Region of Iraq. The exports from the semi-autonomous Kurdistan region of Iraq into Turkey still have not resumed, leaving multiple fields in the KRG region shut in. Turkey …

Iraq’s State Organization for Marketing of Oil (SOMO) announced that Chinese oil companies were the largest buyers of Iraqi oil during the month of February. According to statistics published on SOMO’s official website, Chinese companies accounted for 7 of the 35 firms that purchased oil last month. SOMO’s data revealed …

The State Organization for Marketing of Oil (SOMO) confirmed on Saturday that OPEC+ decision to reduce production did not affect Iraq’s oil exports, and suggested that oil prices in the coming year would range between 85-95 USD. Iraq’s representative in OPEC, Saadoun Mohsen, told the state news agency (INA) that …

The Iraqi Oil Marketing Company “SOMO” announced that the Chinese oil companies are the top buyers of Iraqi oil during April 2022. According to SOMO statistics, 34 international companies bought Iraqi oil the last April. China ranks first with eight companies, followed by India (seven companies), while the USA ranks …

The representative of Iraq at the Organization of the Petroleum Exporting Countries (OPEC) confirmed on Saturday that the organization agreed to a new increase in the country’s production of oil starting from July, according to the Iraqi News Agency (INA). The Iraqi representative at OPEC, Muhammad Saadoun, in his statement …