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...