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Once an OPEC quota buster, Iraq struggles to raise oil output due to port limitations

Once an OPEC quota buster, Iraq struggles to raise oil output due to port limitations
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Iraq s SOMO may sell spot Basrah Light cargoes in 2022 if local needs met | Hellenic Shipping News Worldwide

Iraq’s State Oil Marketing Organization may sell some spot cargoes of Basrah Light this year if the deepwater Khor al-Amaya terminal is re-opened and domestic refiners’ needs have been met, the marketer’s deputy director general told S&P Global Platts on Jan. 20. SOMO excluded Basrah Light, previously its main stream until the creation of Basrah .

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Iraq s SOMO excludes Basrah Light from 2022 crude allocations options: sources | Hellenic Shipping News Worldwide

Iraq’s State Oil Marketing Organization has asked customers to provide their 2022 term crude requirements for three crudes, excluding Basrah Light, according to Iraqi sources and traders, as the marketer focuses on its more popular Basrah grades. Customers were asked to submit their requirements for Basrah Medium, Basrah Heavy and Kirkuk by Oct. 30. “Basrah .

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Iraq reconfigures Gulf terminal to boost exports of Basrah Medium crude: sources

Iraq reconfigures Gulf terminal to boost exports of Basrah Medium crude: sources
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Iraq s SOMO may base future pricing of spot oil sales on benchmarks rather than OSPs

Iraq s SOMO may base future pricing of spot oil sales on benchmarks rather than OSPs
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