VOL. XLI
No. 43
26-October-1998
IRAQ
SOMO Proposes November Price Formula; Speculation Mounts On NewOil-For-Food Program
After a long delay, Iraq's State Oil Marketing Organization (SOMO) on21 October submitted its November price formulas to the UN. The proposed SOMO prices forNovember are not fully in line with those announced by Saudi Aramco for Arab Light, whichhave in the past served as guideposts for Iraqi pricing (MEES, 12 October). Thequality of Iraqi crudes has deteriorated lately due to...
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