VOL. XXXII

NO. 9

5-DECEMBER-1988

IRAQ

Iraq Discusses 4Q Prices with Japanese Customers

Iraq's SOMO is currently discussing fourth-quarter prices with itsJapanese customers with a view to bringing Iraqi crude prices in line with priceformula reductions for October-November and December introduced earlier by SaudiArabia and others (MEES, 12 September and 14 November). Iraq's current formulafor sales to Japan of Basrah Light ex-Yanbu' is Oman/Dubai spot average minus 22cents/B. MEES understands that...