Iraq is offering its term buyers huge discounts for crude loaded this month, but tankers will have to transit the Strait of ...

Iraq's SOMO announces record discounts on Basra crude to attract buyers facing shipping risks in the Strait of Hormuz amid ...

OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices ...

Iraq has offered steep discounts on Basrah crude loaded inside the Strait of Hormuz, reflecting mounting pressure on exports amid the waterway’s partial blockade. Floating oil reserves in the region ...

SINGAPORE, May 5 (Reuters) - Iraq has offered term buyers May-loading Basrah crude at steep discounts for loading inside the Strait of Hormuz, which has been largely blocked since the Iran conflict ...

EADaily, May 5th, 2026. Iraq offers huge discounts on oil, but with the condition that buyers themselves will take the raw ...

About $1.5 B has been allocated for the project, although its pace will depend on securing further budget allocations.

The Iraqi State Organization for Marketing of Oil (SOMO) announced on Wednesday that it has sold limited quantities of oil ...

Once completed, the pipeline is expected to enhance export flexibility and support long-term production growth ...

By Aref Mohammed BASRA, Iraq, April 7 (Reuters) - Iraq could restore crude oil exports to around 3.4 million barrels per day within a week provided the Iran war ends and the Strait of Hormuz reopens, ...