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Iraq's Oil Marketing Company Projects Revenue Boost from Higher Crude Exports

The state-run oil entity expects several hundred million dollars in extra income from increased crude shipments.

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Terms & Concepts
  • Crude Oil Exports: The sale and shipment of unrefined petroleum to international markets, serving as a major revenue source for producing nations.
  • State Oil Marketing Company (SOMO): Iraq’s government-operated entity responsible for marketing and exporting the country’s crude oil output.