Company Performance Metrics
SOMO is Iraq’s State Organization for Marketing of Oil and is responsible for marketing Iraqi crude oil, gas, and surplus petroleum products. The company manages long-term and spot sales of crude oil to refineries and other end users, using standardized contracts and official selling prices. SOMO handles exports and certain imports of petroleum
products to balance domestic supply, allocate export volumes across regions, and administer payment mechanisms for service contractors. It issues regular market reports and analytical studies on global oil markets to support pricing and allocation decisions. The organization also coordinates with Iraqi ministries, international partners, and industry bodies to implement oil marketing policies and sector-related initiatives.
