SOMO Oil Marketing Company Reports Significant Oil Derivatives Exports for Q4 2024
Baghdad – The SOMO Oil Marketing Company has announced that it plans to export over 4 million tons of oil derivatives in the fourth quarter of 2024. This strategic export initiative underscores SOMO’s continued commitment to enhancing Iraq’s position in the global oil market.
The exports will encompass three different oil products, demonstrating SOMO’s diversified portfolio and operational capabilities. This development is particularly noteworthy as it aligns with the company’s objective to increase its share in the international oil trade, a critical component of Iraq’s economy.
In summary, the export of more than 4 million tons of oil derivatives reflects not only SOMO’s growth strategy but also the potential for increased revenue generation for Iraq. As global demand for oil remains strong, such export activities play a vital role in bolstering the country’s economic stability and promoting investment opportunities in the region.
For further information and updates regarding SOMO’s activities and Iraq’s oil sector, we will continue to provide insights on developments as they unfold.
