Iraq asks oil buyers for schedules after Iran grants Hormuz 'exemption'

State Organization for Marketing of Oil has asked its customers to submit crude oil lifting schedules within 24 hours, Reuters reported citing an official document it reviewed.

The request came after media reports that Iran has exempted Iraq from restrictions on transit through the Strait of Hormuz.

“In light of the above, and to ensure the continuity and stability of crude oil export operations, we urge your esteemed company to submit its lifting schedules within 24 hours,” SOMO said in the document dated April 5.

The notice asks companies to provide vessel nominations and contractual volumes to allow Iraqi oil exports to proceed without disruption amid the ongoing regional tensions.