LEBANON

Lebanon to Import Iraqi Crude at $13.30/B 

According to Beirut press reports, the Lebanese Ministry of Industry and Oil has decided to take up an Iraqi offer to provide crude oil for the two refineries at Tripoli and Zahrani in Lebanon at a c.i.f. import value of $13.30/B. The Iraqi offer, which provides for price adjustments to reflect fluctuations on the spot market, was recently negotiated in Baghdad between the chairman of Iraq's State Oil Marketing Organization...