What is the volume, delivery method, and loading window for Iraq's latest Basrah Heavy oil tender?

The tender offers 2 million barrels of Basrah Heavy oil for sale via ship-to-ship transfer near the Omani coast, outside the Strait of Hormuz, with loading scheduled between September 27–30, on a free-on-board basis.

Who is issuing the tender and what pricing mechanism is specified?

Iraq's state-run State Organization for Marketing of Oil (SOMO) is issuing the tender, and it specifies that bids must be linked to relevant pricing benchmarks.

Iraq Tenders 2 Million Barrels of Basrah Heavy Oil

Sep 23, 2026

Iraq's state-run SOMO launched a tender to sell 2 million barrels of Basrah Heavy oil via ship-to-ship transfer near the Omani coast. Loading is scheduled between September 27-30.

reuters

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