VOL. XLIII

No. 14

3 April 2000

IRAQ

UN Approves Downward Adjustment Of Iraqi April Crude Prices

The UN sanctions committee on 27 March approved cuts ranging from 15 cents/B to 60 cents/B in Iraqs April crude price formulas after a number of complaints from lifters that the prices which were approved last week were too high (MEES, 27 March), as follows:

Revised April Iraqi Price Formulas:

1999

2000

Oct

Nov

Dec

Jan

Feb

Mar

Apr

Apr A

Change

Original

(Revised)

US (Price Ref. WTI*)

Kirkuk (Ceyhan)

-2.60

-2.80

-2.65

...