Iraq’s state oil marketer SOMO and QatarEnergy are offering crude through rare tenders that require buyers to load cargoes inside the Strait of Hormuz, multiple trade sources said on Monday.
SOMO offered September-loading Basrah Medium and Basrah Heavy crude from Iraq’s Basrah oil terminal or single point mooring and its associated facilities, the sources said, who participate in the Middle Eastern crude market.
Iran has granted permission for a number of Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from Baghdad through various channels, Iran’s state news agency IRNA reported on Saturday.
Bids for Iraqi oil purchases will close on August 26.
Apart from SOMO, QatarEnergy has offered al-Shaheen, Qatar Marine and Qatar Land crude for loading in September and October on a free-on-board basis at their respective loading ports in Qatar, the people said. The tender is valid until August 25.
(Reporting by Nidhi Verma in New Delhi and Siyi Liu in Singapore; Editing by Christopher Cushing, Christian Schmollinger and Thomas Derpinghaus)