VOL. XXXI

NO. 26

4-APRIL-1988

Iraq: Contract Levels Set for 2Q

Sales to Japan with Price Formula Unchanged Agreement is understood to havebeen reached between Iraq and its Japanese customers that liftings of IraqiBasrah crude from the Yanbu' terminal on the Red Sea should be maintained atcontract levels, totaling some 180,000 b/d, for the second quarter. In Februaryand March, Japanese buyers lifted about 100,000 b/d of additional Basrah crudeover and above contract levels. But now that all Gulf...