Iraq · Regulatory
Crude oil in Iraq
JurisdictionIraq
ProductCrude oil
Private tradeRESTRICTED
Restricted — government / monopoly route
SOMO (State Organization for Marketing of Oil) controls all crude exports. Basrah Light and Basrah Heavy priced vs Dubai.
Frequently asked
- Can private companies import Crude oil into Iraq?
- No. SOMO (State Organization for Marketing of Oil) controls all crude exports. Basrah Light and Basrah Heavy priced vs Dubai.
- What license is typically required?
- SOMO (State Organization for Marketing of Oil) controls all crude exports. Basrah Light and Basrah Heavy priced vs Dubai.
- Does OilFlow screen Crude oil counterparties against Iraq rules?
- Yes. The free /check screen and the Regulatory Matrix API both read this same rule row; a private Crude oil deal into Iraq is flagged automatically when this page says blocked or restricted.
Other products in Iraq