VOL. XLI

No. 34

24-August-1998

IRAQ

Iraq's September Pricing Follows Arab Light Changes Except For The US

Iraq's crude oil price formulas for September, as approved by the UN SanctionsCommittee on 18 August, follow cent-for-cent the September price changes for SaudiArabia's Arab Light for liftings destined for Europe (up 70 cents/B) and Asia (up 50cents/B). However, September prices for Iraqi crude shipments to the US have been raisedby 10 cents/B, whereas Arab Light prices for US deliveries...