Iraq's SOMO and QatarEnergy offer oil via Strait of Hormuz
Iraq and Qatar Energy have issued two tenders to sell crude oil, with buyers responsible for loading the oil within the Strait of Hormuz, based on a FOB (free on board) delivery basis. The Iraqi tender includes Basra medium and heavy crudes for the months of September and August, while the Qatari tender covers Shahan crude as well as the Qatari heavy and inland crudes. The deadline for submitting bids is August 25, at a time when Baghdad is negotiating with the United States and Iran to secure transit for its exports through the Strait, amid risks threatening the continuation of oil sale tenders from the region.
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