Q&A: Falah Alamri, Director General of SOMO

Days before a major meeting among the world's largest oil producers, Iraq's export chief discusses depressed Kirkuk prices and a big plan for marketing Basra crude.
Falah Alamri, then head of Iraq's State Oil Marketing Organization (SOMO), speaks to journalists at an OPEC meeting in Vienna on June 14, 2012. (ALEXANDER KLEIN/AFP/GettyImages)
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  • Dispute over KRG transfers at Ceyhan
  • More HFO due to increased refinery runs, but SOMO doesn’t sell it
  • Basra Heavy could join Basra Light in DME auction

LONDON - In an era of OPEC cuts and constrained production, Iraq's oil marketing company is searching for ways to squeeze more revenue out of each barrel of crude.

The State Oil Marketing Organization (SOMO) has started an oil trading company with Lukoil subsidiary Litasco, called Lima, and began selling crude at auction on the Dubai Mercantile Exchange (DME).

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