Iraqi state oil marketer Somo issued a rare statement denying there is a price war within the Opec exporter group, saying recent reductions to its official selling prices (OSPs) were influenced only by the market.
The statement, w
Iraq has cut the official selling price (OSP) to Asia and the US in January for its main crude oil export grade, Basrah light, but raised the OSP slightly to Europe, the state oil marketing company said.
Iraq's state oil marketer Somo will sell its first cargoes out of the Turkish port of Ceyhan since March at the end of November after reaching a deal with the Kurdistan Regional Government last week, market sources said.
Iraq's State Oil Marketing Organisation (Somo) has proposed splitting its Basra Light crude supply into two grades and has requested feedback from buyers in Asia, trade sources said.
The second largest Opec
Kurdistan has not agreed to export crude via Iraq's State Oil Marketing Organisation (Somo), a spokesman for the autonomous region's government said on Thursday, contradicting earlier comments by a top energy official in Baghdad.
Iraq's oil exports rose to 2.565 million barrels per day (bpd) on average in August, their highest level for three decades, the head of the State Oil Marketing Organisation (SOMO) told Reuters on Saturday.
Iraq exported 2.516
Iraq's oil production will reach 3 million barrels per day (bpd) by the end of this year from its current output of 2.9 million bpd, the Iraqi oil ministry said on Monday.
The ministry said crude exports from the Opec member were expec
Iraqi oil exports were 2.101 million barrels per day in September compared to 2.189 million bpd in August, the head of the State Oil Marketing Organization (Somo), said on Saturday.
Daily average exports in September from the southern port
Iraq is targeting an oil exports target for 2010 of an average 2.1 million barrels per day, a senior official of the State Oil Marketing Organisation (Somo) said on Monday.
The official, who declined to be named, said Iraq planned to expor