Somo is looking to maximize revenue with spot sales and an increased East Asia presence. But more in-house expertise is needed to reach its trading potential.

As Iraq’s Oil Ministry pushes to tackle long-standing issues – both upstream and downstream, oil and gas (MEES, 12 April) – the State Oil Marketing Organization (Somo) is quietly working to fundamentally overhaul the way Iraq sells its most valuable resource.  

“Our main intention is to get a better...