Q&A: Ammar al-Anbagi, director general of SOMO
Iraq's oil marketing chief discusses Russia-related oil market dynamics, the restart of Qayarah crude exports, and recent steps to activate the TotalEnergies mega-deal.
Ammar Abdal al-Anbagi (center right), the new director general of SOMO, presides over a ceremony on March 9, 2023, to inaugurate his new tenure, along with Alaa al-Yassiri (center left), the outgoing director general. (Photo credit: SOMO)
Iraq has managed to hold on to its position as one of the biggest suppliers of crude oil to the Asian market despite competition from increased flows of discounted Russian oil that has been locked out of its traditional markets, Ammar al-Anbagi, the director general of Iraq's state oil marketing company, SOMO, said in an interview with Iraq Oil Report.
SOMO has also adapted its marketing strategy, Anbagi said, to secure some of Russia’s share of the European market where an embargo on imports of Russian crude oil came into force in December 2022.
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