Category: SOMO

Kurdistan Oil Exports Resume as Gulf Keystone Loads First Cargo at Ceyhan

Oil producers in Iraq’s Kurdistan region have successfully loaded the first export cargo from Turkey’s Ceyhan terminal, marking a critical step in the resumption of regional crude exports. Gulf Keystone Petroleum announced that it expects to receive payment for its portion of the cargo within 30 days. The company is already planning a second lifting […]

The post Kurdistan Oil Exports Resume as Gulf Keystone Loads First Cargo at Ceyhan first appeared on Egypt Oil & Gas.

Read more

ExxonMobil Mulls Resuming Operations in Iraq

ExxonMobil, an American energy giant, is exploring the possibility of returning to operations in Iraq after nearly two years’ hiatus by signing preliminary agreements to begin work on the Majnoon oil field in southern Iraq. The oil field, located about 60 kilometers north of Basra, is recognised as one of the world’s most resource-rich fields, […]

The post ExxonMobil Mulls Resuming Operations in Iraq first appeared on Egypt Oil & Gas.

Read more

SOMO Negotiates with Exxon for Storage Space in Singapore

The State Oil Marketing Organization (SOMO) revealed that it entered into negotiations with ExxonMobil seeking a deal for more storage space in Singapore, according to Iraq News Agency (INA). It added that the negotiations also include other agreements to strengthen storage and refining activities in Asia, emphasizing Iraq’s ongoing status as a major crude oil […]

The post SOMO Negotiates with Exxon for Storage Space in Singapore first appeared on Egypt Oil & Gas.

Read more

Saudi Aramco, Iraqi SOMO Halt Crude Supply to Indian Nayara Amid EU Sanctions

Saudi Aramco and Iraq’s State Organization for the Marketing of Oil (SOMO), have stopped selling crude oil to India’s Nayara Energy. This is the result of the sanctions imposed by the European Union on the refinery since its majority owned by Russian entities including oil major Rosneft, according to Reuters. Reuters reported that EU sanctions […]

The post Saudi Aramco, Iraqi SOMO Halt Crude Supply to Indian Nayara Amid EU Sanctions first appeared on Egypt Oil & Gas.

Read more