After long disagreements, it seems that the federal government and the regional government finally agreed on a joint mechanism to sell Kurdistan’s oil. Sources revealed that representatives of the Kurdistan region and the federal government, during a meeting held on Friday in Baghdad, agreed on a new mechanism to jointly …
Read More »Iraq yields +6 billion dollars from crude oil sales in July, SOMO survey
Iraq collectively grossed more than 6.5 billion dollars from oil sales last July, according to a survey by the state oil marketer, SOMO. Crude oil exports amounted to 90,467,794 barrels, yielding 6,513,792,969 dollars, SOMO survey said. Exports from Oilfields in Mid and south Iraq were 87,455,359 barrels, while Kirkuk oilfields …
Read More »Iraq announces its total oil exports to Jordan
The Iraqi Oil Company “SOMO” revealed, on Saturday, that oil exports to Jordan reached more than 8 thousand barrels per day during July. The company said in a tally on its website, which is viewed by Alghadeer News agency, “Total oil exports to Jordan were as follows: – July: it …
Read More »Iraq reaffirms its commitment to OPEC decisions
The Iraqi Oil State Organization for Marketing of Oil (SOMO) confirmed today, Sunday, that Iraq is committed to OPEC decisions regarding the oil reduction. The director of the company, Alaa Al-Yasiri, said in an interview with Shafaq News agency that, “Iraq is committed to what was agreed upon OPEC members …
Read More »SOMO: Iraq is selling its oil to Asia at a premium at $ 2.10 per barrel
The Deputy General Manager of SOMO Company, Ali Nizar, said: “Iraq raised the price of its oil to the Asian market by $ 2.1 during the current month.” Nizar said, in a press statement that Iraq got benefit after the implementation of the (OPEC +) agreement, which is to reduce …
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