Tuesday 19 September 2017
 
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SOMO

Basrah Heavy cargo sold at $1.37 premium on DME

Dubai Mercantile Exchange hosted its latest auction on Wednesday, on behalf of Iraq’s National Oil Company (Somo). The 2-million barrel cargo of Basrah Heavy was awarded at a premium of $1.37 per barrel over the September Basrah H

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Somo to sell second Basrah Light cargo on DME

Iraq’s State Organization for Marketing of Oil (Somo) is set to sell a second Basrah Light cargo on the auction platform of Dubai Mercantile Exchange (DME), following the success of the first auction, said a top official. Tw

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Somo to sell second Basrah Light cargo on DME

Iraq’s State Organization for Marketing of Oil (Somo) is set to sell a second Basrah Light cargo on the auction platform of Dubai Mercantile Exchange (DME), following the success of the first auction, said a top official. Tw

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Kurds cut oil transfers to Iraq's Somo by half in July

Iraqi Kurdistan reduced its transfers of oil to the Iraq State Oil Marketing Organization (Somo) by half in July to an average of 71,017 barrels per day (bpd), as the autonomous region continued independent exports, its Ministry of Natural Res

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Kurdistan stops oil transfers to Iraq's Somo

Iraq's semi-autonomous region of Kurdistan is shipping oil to the Turkish port of Ceyhan but has stopped transferring crude to Iraqi state oil firm Somo, two shipping sources told Reuters.   The susp

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Iraq to start Basra Heavy crude supply from June

Iraq's State Oil Marketing Organisation (Somo) has informed its partners they can start loading Basra Heavy crude from June, changing last week's decision to launch the new grade in May, two sources with direct knowledge of the matter

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Iraq tells partners to lift Basra Heavy crude from May

Iraq's State Oil Marketing Organisation (Somo) has informed its partners they can start loading Basra Heavy crude from May, instead of its flagship light grade, two sources with direct knowledge of the matter said.  

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Iraq's Somo sees average December oil exports from Basra topping 2.6 mbpd

The head of Iraq's state oil marketing body, Somo, said that he expected average December oil exports from Basra to top 2.6 million barrels per day (mbpd).   Falah Al Ami

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Iraqi state oil marketer says no ‘price war’ in Opec

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

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Iraq cuts official crude oil selling price to Asia, US

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.   The mo

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