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Whether you’re in search of EN590, D2, Jet A, Brent Crude Oil, Gasoline, LNG, or even D6 (Residual Fuel Oil), we’ve got you covered.
In addition to our extensive product offerings, we pride ourselves on our efficient trading procedures. Whether you’re interested in FOB (Free on Board) or CIF (Cost, Insurance, and Freight) terms, our well-structured procedures ensure a seamless transaction process that benefits both parties involved.
Crude Petroleum
There are several steps that a company must follow in order to import crude oil from Iraq
- Obtain a license: In order to import crude oil from Iraq, a company must first obtain a license from the Ministry of Oil in Iraq. This license will specify the terms and conditions under which the company can import the oil, including the volume, price, and payment terms.
- Enter into a supply contract: The company will also need to enter into a supply contract with the Iraqi government or a state-owned oil company in order to secure a steady supply of crude oil. This contract will outline the terms and conditions of the supply, including the delivery schedule, payment terms, and any other requirements.
- Arrange for transportation: The company will need to arrange for transportation of the crude oil from Iraq to its destination. This may involve hiring a shipping company or chartering a vessel to transport the oil by sea.
- Obtain insurance: It is important for the company to obtain insurance to cover any potential losses or damages that may occur during transportation. This may include coverage for the oil itself, as well as for the vessel and any cargo.
- Comply with customs regulations: The company will need to ensure that it is in compliance with all relevant customs regulations in both Iraq and the destination country. This may involve obtaining necessary import/export licenses and paying any applicable taxes or duties.
Export
Iraq is a major producer of crude oil, with vast reserves located in various regions of the country. A significant portion of this production is exported to markets around the world, making oil a crucial contributor to Iraq’s economy.
Our company is licensed by the Ministry of Oil in Iraq to export crude oil from the country. We have strong relationships with key buyers and are able to secure stable supplies of oil on behalf of our clients.
We offer competitive pricing and flexible payment terms, and our team of experts is able to handle all aspects of the export process, including transportation and compliance with customs regulations.
Contact us to learn more about how we can help your business secure reliable supplies of crude oil from Iraq.
What is…
ALFAILY is a premier crude oil brokerage company that specializes in helping companies purchase crude oil from the Middle East. Our team of experienced brokers has established relationships with leading oil producers in the region, allowing us to provide our clients with access to the best crude oil at competitive prices.
One of the key countries we work with in the Middle East is Oman. With its rich oil reserves and modern infrastructure, Oman is a prime destination for companies looking to purchase high-quality crude oil. Our brokers have deep knowledge of the local market and are well-equipped to navigate the complex regulations and procedures involved in crude oil trading in Oman.
At ALFAILY, our goal is to make the process of purchasing crude oil as straightforward and seamless as possible for our clients. Whether you’re a small startup or a large multinational corporation, we have the expertise and resources to help you find the right crude oil at the right price. Contact us today to learn more about how we can help you buy crude oil from the Middle East, including Oman.
