VOL. XXXII

NO. 41

17-JULY-1989

IRAQ

Far East Buyers Sign Up for Iraq's New Fao Blend Crude on Test Basis

Five Japanese and one South Korean firm have agreed to purchase 3mn barrelsof Iraqi Fao Blend crude for delivery in July and August from Iraq's Gulfterminals, MEES learns. The six companies, each of which will be lifting 500,000barrels, are Idemitsu, Showa-Shell, Nippon Oil, Cosmo Oil, Kashima Oil and SouthKorea's Yukong (which is making the purchase via Japan's Mitsubishi Corp.).Idemitsu,...