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Results for

somo

10 Results
  • Iraq’s SOMO drops partners, elbows its way into oil trading

    Iraq’s SOMO drops partners, elbows its way into oil trading

    Iraq’s state oil marketer SOMO has scrapped two joint ventures (JVs) and reduced contracts with some European customers to push its way into ...
    Energy
  • Iraq transfers ownership of 9 state oil firms to new National Oil Company

    Iraq transfers ownership of 9 state oil firms to new National Oil Company

    Iraqi Oil Minister Jabar al-Luaibi has issued a decree transferring the ownership of nine state-owned oil companies, including state oil marketer SOMO ...
    Energy
  •  Iraq’s SOMO chief says targeting more crude sales to Asian markets

    Iraq’s SOMO chief says targeting more crude sales to Asian markets

    The head of Iraq’s state-oil marketer SOMO said on Sunday that Iraq will seek to corner a greater share of Asian markets through a new joint ...
    Energy
  • Iraq’s November oil exports from south increase to 3.5 mln bpd

    Iraq’s November oil exports from south increase to 3.5 mln bpd

    Oil exports from Iraq’s southern ports rose to an average of 3.5 million barrels per day (bpd) in November from 3.35 million bpd in October, ...
    Energy
  • Iraq replaces head of oil marketer SOMO

    Iraq replaces head of oil marketer SOMO

    Iraq has dismissed Falah al-Amri as head of oil marketer SOMO but he will remain the country's OPEC governor, the Iraqi oil ministry said on Sunday. ...
    Energy
  • Iraq plans major change to oil pricing for Asia

    Iraq plans major change to oil pricing for Asia

    Iraq has informed its customers that it plans to switch its price benchmark for Basra crude in Asia to DME Oman futures from January, dropping the ...
    Energy
  • Iraq blacklists tankers involved in shipping Kurdish crude

    Iraq blacklists tankers involved in shipping Kurdish crude

    Kurdistan has been exporting crude independently via Turkey since mid-2015
    Energy
  • Iraq tells partners to lift Basra Heavy crude from May: sources

    Iraq tells partners to lift Basra Heavy crude from May: sources

    Iraq’s State Oil Marketing Organization (SOMO) informed its partners they can start lifting Basra Heavy crude from May onwards
    Business
  • Iraq’s SOMO to resume oil exports from Ceyhan: sources

    Iraq’s SOMO to resume oil exports from Ceyhan: sources

    Italy’s Eni will load a cargo of about 600,000 barrels loading on Nov. 29 with Lukoil’s trading arm Litasco
    Energy
  • Iraq’s SOMO offers up to 50,000 tons of fuel oil

    Iraq’s SOMO offers up to 50,000 tons of fuel oil

    While Iraq issued tenders sporadically in the past, SOMO seemed to be making this more regular
    Energy
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