Iraq Requests Oil Loading Plans After Hormuz Exemption

A document showed that SOMO asked clients to submit oil loading schedules within 24 hours after reports that Iraq was exempted from Hormuz transit restrictions.

The move aims to ensure stable crude export operations.

All loading ports, including Basra Oil Port, are operating at full capacity.

The company confirmed readiness to execute all shipment programs.

Resuming exports is expected to boost Iraq’s production.

However, market concerns remain about tanker access amid tensions.