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Iraq's SOMO sells two Sept-loading Basra crude cargoes

Basra Port

Iraq's Oil Marketing Company (SOMO) has sold 2 million barrels of September-loading Basra Light to Unipec at a premium of $1.26 a barrel to its official selling price (OSP), several traders said on Thursday.


SOMO has also sold 2 million barrels of September-loading Basra Heavy to Petro Diamond at a premium of above $1.60 a barrel to its OSP, the traders said.


Prior to this, SOMO sold 2 million barrels of August-loading Basra Light crude to Shell at a premium just above $1 a barrel to its OSP, and 1 million barrels of August-loading Basra Heavy crude to Petro Diamond at a premium close to $2 a barrel to its OSP.

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