SOMO Iraq Refinery: A Pillar of Global Energy Trade
Introduction to SOMO Iraq
State Organization for Marketing of Oil (SOMO) is the national oil marketing company of Iraq, responsible for managing and regulating the country’s oil exports and imports. As a crucial player in the global energy market, SOMO plays an essential role in ensuring the steady supply of high-quality crude oil and petroleum products to international buyers. The company is known for its commitment to excellence, transparency, and reliability, making Iraq a strategic hub for global energy trade.
Products Sold by SOMO
SOMO exports a wide range of petroleum products, ensuring that global markets have access to high-quality energy resources. Below is a detailed breakdown of the products sold by SOMO along with their specifications:
| Product | API Gravity | Sulfur Content | Application |
|---|---|---|---|
| Basra Light Crude | 28-30° | 2.5% Max | Refinery feedstock, fuel production |
| Basra Medium Crude | 27-29° | 3.0% Max | Refinery and petrochemical uses |
| Basra Heavy Crude | 23-25° | 4.0% Max | Heavy fuel oil, power generation |
| Naphtha | – | Low | Petrochemical feedstock, gasoline blending |
| Fuel Oil | – | Varies | Industrial fuel, electricity generation |
| Gasoline | 87-95 Octane | Low Sulfur | Automotive fuel |
| Diesel | Ultra Low Sulfur | <50 ppm | Transportation, industrial fuel |
| LPG (Liquefied Petroleum Gas) | – | – | Domestic and industrial usage |
Products Purchased by SOMO
SOMO also engages in importing strategic petroleum products and refining materials to meet Iraq’s domestic energy demand. Key imports include:
- Refined gasoline (high octane)
- Diesel fuel
- Jet fuel
- Specialized refinery chemicals
- Lubricants
Annual Trade Volume and Market Influence
SOMO is a key contributor to Iraq’s economy, with an annual trade volume exceeding 4 million barrels per day (bpd). The company plays a significant role in global oil pricing and supply, forming trade partnerships with leading energy firms, refineries, and international oil corporations.
Key trading partners include:
- China (One of the largest buyers of Basra crude)
- India (Steady demand for SOMO crude)
- Europe (Diversified refinery clients)
- United States (Strategic oil trading partner)
- Turkey & Other MENA Countries (Regional energy collaborations)
Advantages of Trading with Iraq and SOMO
Engaging in oil trade with SOMO offers several advantages, making Iraq a preferred choice for global energy buyers:
1. Competitive Pricing & High-Quality Crude
Iraq’s oil reserves are among the largest in the world, allowing SOMO to offer competitive pricing structures without compromising on quality.
2. Strategic Geographical Location
Situated at the heart of the Middle East, Iraq provides easy access to European, Asian, and African markets, reducing shipping costs and ensuring fast delivery times.
3. Reliable Supply & Long-Term Contracts
SOMO’s steady production levels and long-term agreements ensure a secure and consistent supply for international refineries.
4. Favorable Trade Terms & Partnerships
SOMO provides flexible contract terms, making it easier for companies to establish long-term energy agreements.
5. Government Backing & Transparency
As Iraq’s national oil company, SOMO operates with government support, ensuring reliability, stability, and trustworthiness in global energy trade.
ATABAŞ GROUP: Strategic Trade Partner for SOMO
As a globally recognized leader in international trade and logistics, ATABAŞ GROUP stands ready to engage in strategic partnerships with SOMO Iraq. With extensive experience in energy trade, ATABAŞ GROUP ensures seamless, efficient, and compliant business operations, offering:
- Reliable supply chain solutions for oil and petroleum product trading
- Comprehensive market knowledge and expertise in global energy commerce
- Efficient logistics and distribution networks for streamlined trade operations
- Commitment to quality assurance and compliance with international standards
We are fully prepared for bilateral trade agreements and open to collaborative business ventures with SOMO to strengthen global energy partnerships. ATABAŞ GROUP is committed to fostering long-term, mutually beneficial trade relations, ensuring reliability, transparency, and excellence in every transaction.
For trade inquiries and business collaborations, contact ATABAŞ GROUP today!