VOL. XLIII

No. 49

4-December-2000

Iraq

SOMO To Enforce 50 Cents/B Surcharge Thursday Midnight, Threatening Stoppage Of Exports

The following is the text of the MEES News Flash released on 30 November.

MEES learns that Iraqs State Oil Marketing Organization (SOMO) has told customers that it will stop exports of oil (approximately 2.4mn b/d) under the oil-for-food program from Ceyhan and Mina al-Bakr as of midnight tonight (Thursday) Baghdad time unless the companies agree to pay a surcharge. It is...