No 30



UN Overseers Recommend Increase Of Iraqi Oil PricesAnd Retain 10-Day Pricing

Once again, UN overseers have approved the new Iraqioil price formula on a 10-day basis instead of the normal one-month period usedby other exporting countries, in order to maintain close control over Iraqi oilsales practices with the aim of eventually eliminating the middlemen who movedin and the surcharges that were imposed in the 9th phase and remainvery much a feature of the current...