VOL. XXXIII
NO. 2
16-OCTOBER-1989
Iraq
Mitsubishi Signs for 20,000 B/D Fao Blend Term Contract
Iraq's State Oil Marketing Organization (SOMO) and Japan's MitsubishiCorporation have concluded a one-year term contract, beginning this month, forthe sale of 20,000 b/d of Fao Blend. The price is equivalent to that of ArabianHeavy. The contract provides an alternative for the Japanese company to lift thecrude either from al-Bakr terminal itself or on the basis of ship-to-ship alittle bit further to the...
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