IRAQ

Iraq Offers Japanese Buyers 100,000 b/d of Basrah Light for October 

MEES understands from Tokyo sources that an Iraqi oil sales mission currently visiting Japan has been offering seven or eight Japanese buyers a total of 100,000 b/d of Basrah Light crude for delivery at the Saudi Red Sea coastal terminal at Yanbu' during October. The price formula suggested by the Iraqis is based on the average spot price of a basket of Gulf crudes - namely Arabian Light, Dubai and Oman -...