The Economic Times

Iraq's oil exports via Strait of Hormuz include Abu Dhabi's Adnoc, says SOMO director

Iraqs oil marketing company SOMO says Abu Dhabis Adnoc is one of the companies buying Iraqi crude and moving shipments through the Strait of Hormuz. Adnocs trading arm is also offering Iraqi oil to Asian buyers, while Iraqs crude exports through Hormuz have risen to around 2 million barrels per day. The increase underscores how heavily Iraqs oil trade with Asian markets depends on the strategically important waterway.