17 Hrs
Source:
المشهد العربي
SOMO Iraq promotes Basra oil sales
The Iraqi Oil Marketing Company "SOMO" announced significant discounts ranging from $14 to $18.80 per barrel on Basra crude oil, aimed at attracting buyers in July. These discounts are offered more prominently on shipments sent during the first five days of the month, with traders required to submit their requests within one day to expedite contracting processes. However, traders remain concerned about the possibility of oil tankers passing through the Strait of Hormuz due to logistical challenges and rising maritime transportation costs.
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