SOMO Company: Loading of Iraqi oil at the Banias port onto tankers for export to European markets has begun.
SOMO Company: Loading of Iraqi oil at the Banias port onto tankers for export to European markets has begun.
2026-04-16
The State Oil Marketing Company (SOMO) announced on Thursday that it has begun loading Iraqi oil at the port of Banias onto tankers for export to European markets, stressing that it is working to find other outlets to maximize Iraqi exports. The company’s general manager, Ali Nizar, stated that “today the first tanker of Iraqi black oil, which was unloaded at the Banias refinery in Syria, was loaded onto the tanker in the Mediterranean Sea to find its way to European consumers and European refineries located in that region.”
He added, “This step is very important to open a new marketing path that can be invested in the future, as well as being invested now in this crisis.”
He also stressed that “the Oil Marketing Company will not stop at this measure, but rather there are efforts being made by the company’s employees to maximize and increase Iraqi exports, despite all the logistical, technical and security obstacles that may stand in the way of this achievement.”
burathanews.com
