VOL. XLI
No. 29
20-July-1998
IRAQ
Iraqi Oil Sales Top 1.5Mn B/D In Fourth Oil-For-Food Phase; USBlocks Oil Equipment And August Price Formula
In the 4th oil-for-food program that started on 3 June and ends on 1December, Iraq's State Oil Marketing Organization (SOMO) has so far concluded oil salesagreements with 39 international oil firms for a total of 271.92mn barrels, or an averageof 1.51mn b/d over the 180-day period. Sales of Kirkuk crude total 135.12mn barrels(750,000 b/d) and Basrah Light...
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