Iraq's State Oil Marketing Company (SOMO) announced an increase in the price of Basra Medium crude to Asia for June, setting it at a premium of <strong>$4.30</strong> per barrel above the Oman/Dubai average. This increase follows a previous premium of <strong>$17.30</strong> per barrel.
Iraq's oil marketing company, SOMO, announced that its employees are ready to gradually return to work at oil loading facilities, indicating an improvement in Iraqi oil exports. This move comes at a critical time for the Iraqi economy.
The Iraqi Oil Marketing Company (SOMO) has urged its international clients to submit crude oil loading plans within 24 hours after Iran granted Iraq an exemption from navigation restrictions in the Strait of Hormuz.
The Iraqi Oil Marketing Company (SOMO) announced the resumption of oil exports from Kirkuk fields to the Turkish port of Ceyhan via the Iraqi-Turkish pipeline. This decision is part of Iraq's efforts to enhance its oil and petroleum product exports.