BAKU, Azerbaijan, April 6. The Reuters news agency is reporting that Iraq’s state oil marketer, SOMO, has asked its customers to submit crude oil lifting schedules within 24 hours, following reports that Iran has exempted the country from any limits on transit through the Strait of Hormuz TurkicWorld reports via aljazeera.
Reuters cited a SOMO document.
“In light of the above, and to ensure the continuity and stability of crude oil export operations, we urge your esteemed company to submit its lifting schedules within 24 hours to enable the timely processing of your lifting programs, including vessel nominations and the contractual volumes, in full alignment with the agreed terms and conditions,” SOMO said in the document.
“We hereby reaffirm that all loading terminals, including the Basrah Oil Terminal (BOT) and associated facilities, remain fully operational, and SOMO is in a state of full readiness to execute all contractual lifting programs without any limitation,” the document said.
A resumption of oil exports will help Iraq lift production, as its output has collapsed to about 800,000 barrels per day due to the US-Israel war on Iran.
