VOL. XLV
No 33
19-August-2002
IRAQ
SOMO Lifts Surcharge OnSome Iraqi Oil Sales
MEESunderstands from industry sources that at least six cargoes of Kirkuk and BasrahLight crudes were sold by Russian firms and tradersin the past 10 days to end users at official selling price (OSP) plus a premiumof 7-8 cents/B. This means in effect that Iraqs StateOil Marketing Organization (SOMO) is not asking for the 15 cents/B surchargefrom some customers. However, other trading firms and name-plate companies...
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