VOL. XXXII
NO. 26
3-APRIL-1989
IRAQ
Iraq and Japanese Buyers Agree on 25 Cent/B Increase on 2Q PriceFormula
Iraq's SOMO and its Japanese customers have reached agreement on increasingthe crude price formula by 25 cents/B for the second quarter. As a result, the2Q price formula for Baqrah Light crude ex-Yanbu' will be Oman/Dubai spotaverage plus 3 cents/B as compared with Oman/ Dubai minus 22 cents/B in 1Q. Theincrease was occasioned by 2Q price hikes by other suppliers such as Kuwait andIran....
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