Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for January. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); Shipments to […]
Tag Archives | State Oil Marketing Organization
Iraq’s State Oil Marketing Company (SOMO) has issued a tender for 2,600 tonnes of gas-oil for the Ministry of Electricity. Bids will be accepted until 12:00 on 20 December, 2010, Baghdad time. Please click here to download the English tender document … … and here to download the document in Arabic.
Volumes down, but revenues up Revenue from Iraq’s crude oil exports rose to $4.53 billion in October, the highest level this year, the State Oil Marketing Organization (SOMO) has revealed. The average price for exports in October was $77.10 per barrel, up from $73.07 in September and $71.43 in August. The country exported 46.2 million […]
Iraq is hoping to buy 9% more gasoline during the first half of 2011 than it did during the first six months of this year, according to Bloomberg. The State Oil Marketing Organisation (SOMO) plans to purchase 880,000 metric tons of gasoline for delivery between Jan. 1 and June 30, according to tenders posted on […]
Iraq’s oil exports slipped in October to 1.9 million barrels per day from 2.021 million bpd in September, the head of the State Oil Marketing Organisation (SOMO) said on Monday. Reuters reports that Iraq exported an average of 1.492 million bpd from the southern oil hub of Basra and 408,000 bpd from the northern oilfields […]
Sri Lanka’s state-run oil company Ceylon Petroleum Corporation (CPC) has concluded talks with iraq’s State Oil Marketing Organization (SOMO) to buy crude oil from Iraq. Speaking to the Asian Tribune , the Deputy Director General of SOMO, Majed Kadhim Yousif, who was in Sri Lanka to attend the seventh session of Sri Lanka-Iraq Joint Committee […]