VOL. XLIV
No 50
10-December-2001
IRAQ
Basrah Light To US Fetching 46-49Cents Premium Over OSP
MEESunderstands from industry sources that December Basrah Light crude to the US isfetching a 46-49 cents/B premium over the official selling price (OSP) thatwill be decided by the sanctions committee later this month on a retroactivebasis.This means in effect that, afterthe nameplate companies pay the 30 cents/B surcharge to SOMO outside the UNescrow account, the premium for Basrah Light to the US is...
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