VOL. XLVI

No 37

15-September-2003

IRAQ

Agip Signs Term Deal With SOMO For Basrah Light Cargoes

Agip has signed a term agreement with Iraqs State Oil Marketing Organization (SOMO) under which it will lift 2mn barrels of Basrah Light crude in September, and 1mn barrels per month in the period from October through December, MEES understands. Basrah Light production has been gradually increasing, allowing SOMO to allocate new term deals as quantities available for export increase. At the end of...