Iraq's State Oil Marketing Organization (SOMO) said an Abu Dhabi energy firm is among purchasers exporting Iraqi crude through the Strait of Hormuz. Earlier reports said ADNOC’s trading arm has transshipped Iraqi cargoes to Asian buyers via Hormuz, a practice that typically involves tankers switching off transponders to avoid detection and has kept Middle East oil flowing to global markets. SOMO head Ali Nizar said Iraq’s exports through the Strait jumped to about 2 mln bpd this month, up from l

Iraq's State Oil Marketing Organization (SOMO) said an Abu Dhabi energy firm is among purchasers exporting Iraqi crude through the Strait of Hormuz. Earlier reports said ADNOC’s trading arm has transshipped Iraqi cargoes to Asian buyers via Hormuz, a practice that typically involves tankers switching off transponders to avoid detection and has kept Middle East oil flowing to global markets. SOMO head Ali Nizar said Iraq’s exports through the Strait jumped to about 2 mln bpd this month, up from levels in the months after the Iran war began but still below pre-conflict roughly 3.4 mln bpd.