VOL. XLIII

No. 33

14 August 2000

IRAQ

SOMO Plans Second Revision For August Prices

MEES learns that Iraqs State Oil Marketing Organization (SOMO) informed its customers on 10 August that it plans to set new prices for Kirkuk and Basrah Light crudes to Europe effective 20-31 August. SOMO published the August price formulas last month, but revised them for the US and Europe on 3 August, setting the new prices to the US from 5-31 August and to Europe from 10 August onwards (MEES, 7 August). The...