Iraq’s SOMO, QatarEnergy offer crude for loading inside Hormuz via tenders, sources say

Business Recorder reported on Monday, citing several trade sources, that Iraq's state oil marketer SOMO and QatarEnergy have launched uncommon tenders. Buyers of these lots would have to lift their consignments within the Strait of Hormuz itself. SOMO's offer covers September-loading Basrah Medium and Basrah Heavy grades drawn from the Basrah terminal and its single point mooring facilities.

QatarEnergy is putting up al-Shaheen, Qatar Marine and Qatar Land crude for September and October loading. Each grade would be sold on a free-on-board basis from its own loading port in Qatar. Taken together, the two tenders cover five crude grades.

The information comes from people active in Middle Eastern crude trading. The tender remains valid until August 25.