Iraqi oil shipments surge by 70% in August
3 Articles
3 Articles
The Iraqi oil industry and its representative, the State Oil Marketing Company (SOMO), are successfully overcoming the challenges associated with the Strait of Hormuz, thanks to significant discounts on the price of crude oil and the use of a new method of energy delivery. This is the belief of Iraqi energy expert Nabil al-Marsoumi. “SOMO is successfully managing the crisis caused by the closure of the Strait of Hormuz, thanks to plans developed…
Iraqi oil shipments surge by 70% in August
Baghdad (IraqiNews.com) – Two Iraqi energy officials told Reuters that Iraqi oil exports surged by more than 70 percent to around 2.34 million barrels per day in August, compared to […] The post Iraqi oil shipments surge by 70% in August appeared first on Iraqi News.
On Wednesday, two Iraqi officials in the energy sector said that Iraq's oil exports rose to about 2.34 million barrels per day last August, compared to about 1.35 million barrels per day in July 2026, which was considered by an economist "Somo's success in adjustment." Preliminary data showed the two companies tracking scarcity...
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