No. 29

17 July 2000


Iraqi Crude Oil Sales To Rebound In 2H July As SOMO Gives Further Discount On Kirkuk

The Sanctions Committee approved Iraqs downward revision of Kirkuk crude, the second such revision in three weeks, with Iraqi crude oil sales set to rebound in 2H July. SOMO priced Iraqi Kirkuk for the second half of July at a $6.00/B discount to dated Brent, as opposed to minus $5.00/B the first half of July (MEES, 10 July) when liftings at the Turkish port of Ceyhan were...