Iraq's state oil marketer SOMO struggles to sell Basra crude after cutting discounts, as high shipping costs and Strait of Hormuz risks deter traders. Buyers remain hesitant despite Baghdad's revenue
Iraq's state oil marketer SOMO is offering crude oil collection outside the Persian Gulf for the first time since the war began, signaling resilient exports despite regional security threats. Major tr
Iraq's state oil marketer SOMO requested Turkey extend the Kirkuk-Ceyhan pipeline agreement by at least a year to allow time for new negotiations before the current deal expires on July 27.
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