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...