INDEPENDENT ADVISORY SERVICE
Iraqi Crude Oil Advisory and Logistics
Independent advisory and logistics support for refiners preparing to buy Iraqi crude oil directly from SOMO, from understanding the published requirements to preparing for lifting.
- For
- Refiners and integrated
oil companies - Our role
- Advisory and
logistics only - Fees
- Fixed, agreed
in advance
HOW WE SUPPORT CLIENTS
Advisory and Logistics Support
Preparation and coordination for your own application and lifting, never representation before SOMO.
- 01
Eligibility and Requirements Guidance
Explain SOMO’s publicly available qualification criteria and help you understand the information needed to assess your readiness.
DeliverablePreliminary readiness assessment
- 02
Documentation Readiness
Provide checklists and review the completeness of the corporate, refinery and supporting documentation you prepare.
DeliverableTailored documentation checklist and gap analysis
- 03
Shipping and Logistics Planning
Guidance on vessel requirements, shipping documentation and logistical considerations, with specialist support from independent maritime professionals where required.
DeliverablePreliminary logistics requirements memorandum
- 04
Inspection and Payment Preparation
Guidance on inspection procedures, shipping documents and documentary payment requirements, in coordination with your appointed professional advisers.
DeliverableTransaction documentation and process checklist
Every engagement is defined by an agreed scope of work, with specific advisory deliverables and a fixed professional fee.
OUR ROLE
What We Do
- Explain SOMO’s published eligibility criteria and procedures
- Review your preliminary readiness and provide a documentation checklist based on publicly available requirements
- Provide guidance on vessel requirements, shipping documentation and lifting logistics
- Explain inspection procedures and documentary payment requirements
- Coordinate with independent maritime, inspection and logistics professionals where required
OUR BOUNDARIES
What We Don’t Do
- We are not affiliated with SOMO or the Iraqi Ministry of Oil
- We do not submit applications or contact SOMO on your behalf
- We do not represent applicants or negotiate allocations or terms
- We do not arrange, promise or guarantee allocations
- We do not charge fees linked to an allocation or volume
ADVISORY PROCESS
How an Engagement Works
A clear scope and a fixed fee, agreed before any work begins.
Initial Enquiry
Tell us about your company, refinery and the support you need.
Readiness Assessment
We review your profile against SOMO’s published criteria and tell you honestly whether we can help. Only SOMO determines eligibility.
Advisory Engagement
A written scope and fixed fee, then guidance and documentation checklists for your own application.
Additional Advisory Support
Where required, shipping, inspection and documentary payment guidance within the agreed scope.
An advisory engagement does not guarantee an allocation or a shipment; those decisions rest solely with SOMO.
UNDERSTANDING SOMO’S PROCESS
How Iraqi Crude Oil Is Sold
Iraqi federal crude oil exports are marketed through the State Organization for Marketing of Oil (SOMO). The following is a simplified overview of SOMO’s published procedures; requirements and contractual arrangements may vary and are subject to SOMO’s current policies.
- 01
Direct application
The purchasing company applies itself, from its official company email. SOMO’s published policy states that it does not consider applications submitted by hand or through intermediaries.
- 02
Eligibility review
A SOMO technical committee reviews each applicant’s activity against SOMO’s criteria.
- 03
Allocation decision
SOMO evaluates applications and determines eligibility, contractual arrangements and crude oil allocations through its applicable internal procedures.
- 04
Contract and lifting
Approved buyers proceed under the applicable contractual terms, including payment arrangements, vessel nomination and lifting procedures established by SOMO.
Our independence
PETROXIUM is an independent advisory service provider. We are not affiliated with SOMO or the Iraqi Ministry of Oil. We do not submit crude oil purchase applications, negotiate allocations or guarantee procurement outcomes. All official applications and contractual arrangements remain exclusively between the applicant and SOMO.
FAQ
Frequently Asked Questions About Crude Oil Advisory
Can you get us a SOMO crude oil allocation?
No. Allocations are decided solely by SOMO, through its own procedures. We help you understand the requirements and prepare your own application and logistics; we never arrange, promise or guarantee an allocation.
Are you affiliated with SOMO or the Ministry of Oil?
No. PETROXIUM is an independent advisory service provider, with no affiliation with SOMO, the Iraqi Ministry of Oil or any government body.
Do you submit the application or contact SOMO for us?
No. SOMO reviews applications sent directly by the purchasing company from its official email. All official communication, negotiation and contracting stays between you and SOMO.
Can a trading company apply?
Eligibility depends on SOMO’s current policies and the applicable crude oil marketing arrangements, and applicants should consult SOMO’s official requirements directly. SOMO has publicly described its crude oil customers as end users with refining capacity. PETROXIUM can help companies understand the published criteria, but cannot determine eligibility or secure approval.
Does PETROXIUM charge a commission on crude oil purchases?
No. PETROXIUM provides independent advisory services for an agreed professional fee. Our compensation is not linked to crude oil allocations, purchase volumes or the outcome of a SOMO application.
Do you deal in crude oil of other origins?
No. We work only with Iraqi crude oil sold by SOMO, supported by SOMO’s documentation and independent inspection. We do not handle oil of any sanctioned origin.