Iraq Moves to Give State Oil Marketer Greater Flexibility
Iraq is taking steps to grant its state oil marketer SOMO greater flexibility in crude sales, according to Middle East Online.
Iraq is moving to provide its state oil marketer, the State Organization for Marketing of Oil (SOMO), with greater flexibility in crude oil sales, according to a report by Middle East Online.
The regulatory and operational shift aims to adapt commercial strategies within the state-run oil apparatus. Details regarding the exact operational adjustments or implementation timeline were not specified in the initial report.
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Key facts
- Iraq is moving to give state oil marketer SOMO greater flexibility
- The initiative targets crude oil sales operations
- The report was published by Middle East Online
Source: news.google.com
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