Iraq & Iraq — State Organization for Marketing of Oil

Iraq: Iraq>>>'s state oil marketer Somo cut June selling prices for its main export grades, Basrah Medium and Basrah Heavy, for its core Asia-Pacific market, aligning with regional price adjustments.

Iraq — State Organization for Marketing of Oil: Iraq — State Organization for Marketing of Oil>>>, Iraq>>>'s state oil marketer, cut June selling prices for Basrah Medium and Basrah Heavy, indicating its response to market conditions.

Iraq — State Organization for Marketing of Oil: The Iraq — State Organization for Marketing of Oil reported a drastic fall in Iraq's oil exports and revenues due to the Strait of Hormuz closure.

Iraq — State Organization for Marketing of Oil: Iraq — State Organization for Marketing of Oil (SOMO) previously denied any oil mixing operations in Iraq's ports or territorial waters to help Iran, following similar accusations against an Iraqi businessman last year.

Iraq — State Organization for Marketing of Oil: Iraq — State Organization for Marketing of Oil (SOMO) has turned to overland routes through Syria for fuel oil exports due to disruptions in Gulf shipping, awarding contracts for 650,000 metric tons per month.

Iraq — State Organization for Marketing of Oil: Iraq — State Organization for Marketing of Oil signed export contracts via Turkey, Jordan, and Syria for the Kirkuk-Ceyhan pipeline.