VOL. XXXIII

NO. 25

26-MARCH-1990

Iraq

Iraq Price Formula to Japan Unchanged for 2Q

Iraq's SOMO has maintained its crude price formula for Japanese termcustomers for the second quarter unchanged from the first quarter at Oman/Dubaispot average plus 3 cents/B for Basrah Light ex-Red Sea al-Mu'ajjiz terminal.Lifting volumes by Japanese buyers are expected to remain more or less the samein 2Q at around 200,000 b/d.

The Iraqi price formula for Japan has remained unchanged since 2Q 1989. Asenior Iraqi...