Report

rss

Iraq News

Kurdistan

Economy

World

All News

Baghdad Denies Trader’s Claim That U.S.-Seized Oil Is From Iraq

Category: Economy

Date: 2021-03-17T16:01:13+0000
Baghdad Denies Trader’s Claim That U.S.-Seized Oil Is From Iraq

Shafaq News / An oil trader’s claim that a cargo of crude seized by the U.S. came from Iraq rather than Iran, as Washington asserts, is wrong, according to Baghdad, Bloomberg reported.

SOMO, Baghdad’s state oil-marketing company, “categorically denies” that the 2 million barrels of crude -- worth roughly $130 million at today’s prices -- are “of Iraqi origin,” it said in a statement on its website.

Fujairah International Oil & Gas Corp. laid claim to the cargo that Washington seized as part of its efforts to sanction Iranian oil exports. FIOGC, controlled by the ruler of Fujairah, one of the UAE’s seven emirates, told a U.S. court last week that the crude came from Iraq and that it had documents from SOMO to prove that.

“In case of circulation of those shipping documents bearing the logo of SOMO for these shipments, they are to be considered as forged and incorrect documents,” SOMO wrote.

FIOGC didn’t immediately respond to a request for comment.

related

SOMO issues an explanation regarding Iraq and Kurdistan's oil production

Date: 2021-02-03 19:18:17
SOMO issues an explanation regarding Iraq and Kurdistan's oil production

Oil up nearly 5% on possible extension of Saudi output cuts

Date: 2021-03-04 16:58:53
Oil up nearly 5% on possible extension of Saudi output cuts

Gold prices in the Iraqi local markets today

Date: 2021-07-08 09:17:49
Gold prices in the Iraqi local markets today

The Ministry of Oil issues SOMO statistics for January

Date: 2021-02-18 08:51:08
The Ministry of Oil issues SOMO statistics for January

Dollar exchange rates in Iraq

Date: 2021-01-25 08:16:30
Dollar exchange rates in Iraq

Iraq yields +7.5 billion dollars from crude sales in October, SOMO survey 

Date: 2021-11-01 13:51:19
Iraq yields +7.5 billion dollars from crude sales in October, SOMO survey 

Al-Rafidain to grant 10 million dinars advances for unemployed citizens

Date: 2021-03-16 06:34:24
Al-Rafidain to grant 10 million dinars advances for unemployed citizens

Iraq contacts IAEA about relaunching nuclear activities by 2030

Date: 2021-09-09 10:59:09
Iraq contacts IAEA about relaunching nuclear activities by 2030