IRAQ

Iraq and Japanese Customers Agree on Prices for Second Quarter 

MEES understands that Iraq and its Japanese customers have now reached agreement on the pricing formula to be applied in respect of the latter's Siftings of Iraqi Basrah Light crude from the Saudi Red Sea terminal at Yanbu' during the second quarter of 1986. Under the agreement, the valuation of Arabian light crude in the Iraqi price formula in the second quarter will be made on the basis of the actual...