Inside SOMO’s Strategy to Safeguard Iraq’s Oil Revenue

In an exclusive interview with Pulse Media, Hamdi Shingali, deputy director of Iraq’s State Organization for Marketing of Oil (SOMO), explains the vital role of Iraq’s state oil marketing company in securing stable revenues for both Iraq and the Kurdistan Region.

He outlines how SOMO sells to the highest bidder while navigating complex geopolitical risks involving global players such as Russia and Iran.

Shingali emphasizes that rising threats and regional sensitivities require SOMO to apply deeper investigation and stricter due diligence before entering any new deal to avoid legal or political complications.

Through his remarks, he highlights the pressure, responsibility, and calculated decision-making behind every shipment that shapes Iraq’s economic stability.