Anton Oil Markets First Cargo of Iraqi Crude Oil
Chinese oilfield services firm Anton Oilfield Services Group has marketed its first Iraqi crude oil cargo under a new supply contract with state marketer SOMO. The rare arrangement helps Baghdad secure funds for service providers while Anton lifted one million barrels of Basrah Heavy crude.
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China's Anton Oilfield Services Group has marketed its first Iraqi crude cargo under an agreement with SOMO, securing service payments from Iraq amid ongoing regional supply shifts. The arrangement provides a rare mechanism for Baghdad to settle debts with oilfield contractors through direct crude marketing. Iraq continues to navigate market disruptions tied to the conflict in Iran.
