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SOMO

6 articles

Iraq Tenders 2 Million Barrels of Basrah Heavy Oil

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 · 2026-09-23 02:06

Iraq Struggles to Sell Oil From Basra After Hiking Prices

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

bloomberg · 2026-09-07 05:33