SOMO

Tüpraş refinery has said that the oil previously purchased from Iraq's state oil company will be delivered in September.

The oil tanker St. Nikolas, carrying around 1 million barrels of crude oil purchased from the Iraqi state oil company SOMO, was seized by Iranian authorities in the waters of Oman on Jan. 11, the energy giant said in a statement.

Crude oil exports by Iraq state-oil marketer SOMO ran at an average rate of 3.5 million barrels per day in January, an Iraqi oil official have said.

Iraqi Kurdistan Regional Government (KRG) said on Aug. 27 it expected to begin making regular payments to oil-exporting companies in the first half of September, in an apparent attempt to reassure foreign oil companies operating in the autonomous region.

Iraq's Kurdistan Regional Government (KRG) said on Aug. 3 it would pay a portion of its revenue from direct crude oil sales to producers, in an apparent attempt to reassure foreign oil companies operating in the northern region.

The Kurdistan Regional Government (KRG) has begun selling crude oil from the region and Kirkuk independently and will receive payments without going through Baghdad, a Kurdish MP said in the Iraqi Parliament on July 8, according to media organization Rudaw. 

Iraq's semi-autonomous Kurdistan region (KRG) has ramped up independent oil sales since mid-June while cutting allocations to Iraq's state oil firm SOMO in an escalating dispute over export rights and budget payments.

The regional Kurdish government in Arbil has the right to sell its own oil if Baghdad does not uphold its part of an oil agreement, the Iraqi Kurdish administration?s parliament speaker said May 30.

The Kurdistan Regional Government (KRG) in northern Iraq will increase its oil exports to Turkey and deliver up to 625,000 barrels per day starting from June, an official from the KRG parliament announced on April 29.

Iraq’s state oil marketer SOMO will sell its first cargoes out of the Turkish port of Ceyhan since March at the end of November after reaching a deal with the Kurdistan Regional Government last week, market sources said late Nov. 26.

The oil will be a blend of Kurdish crudes, the sources said.