Iraq · Regulatory
Crude oil in Iraq
JurisdictionIraq
ProductCrude oil
Private tradeRESTRICTED
Restricted — government / monopoly route
SOMO (State Organization for Marketing of Oil) controls all crude exports. Basrah Light and Basrah Heavy priced vs Dubai.
Compiled regulatory guidance from OilFlow Network, not legal advice. Rules change; confirm with the relevant national regulator before structuring a deal.
Frequently asked
- Can private companies import Crude oil into Iraq?
- No. SOMO (State Organization for Marketing of Oil) controls all crude exports. Basrah Light and Basrah Heavy priced vs Dubai.
- What license is typically required?
- SOMO (State Organization for Marketing of Oil) controls all crude exports. Basrah Light and Basrah Heavy priced vs Dubai.
- Does OilFlow screen Crude oil counterparties against Iraq rules?
- Yes. The free /check screen and the Regulatory Matrix API both read this same rule row; a private Crude oil deal into Iraq is flagged automatically when this page says blocked or restricted.
Other products in Iraq
Before you structure a deal here
This rule is one row of the Regulatory Matrix API: 235 jurisdictions, product tradability, payment-term constraints, license requirements, from $99/mo. Got a live Crude oil deal into Iraq? Paste it and get a clearance verdict in under 30 seconds, before you spend weeks structuring it.