Somoo launches new Iraqi crude route

The Iraqi Oil Marketing Company (SOMO) has announced a new tender for Basra crude oil shipments outside the Strait of Hormuz, scheduled for next September. This move aims to reduce the risks faced by tankers passing through the strait. It comes as part of the company's efforts to secure alternative routes for oil shipments and to avoid security and commercial challenges in the region. This is the second such measure taken this week to enhance the security of Iraqi oil supplies and to reduce reliance on traditional routes.

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