Vol. XL
No. 2
13-January-1997
IRAQ
SOMOAdjusts Contracts To Meet UN Demands
Followingthe signature in mid-December of around 26 contracts, Iraqs SOMO has sentmessages to six customers informing them that it is obliged to reduce theirvolume by 50% for the first 90-day period but that it will roll-over their newallocation to the second 90-day period, MEES understands. The firmsinvolved are Italys Agip and Oil Energy, the US firms Chevron and Texaco,British Petroleum and Japans Mitsubishi. The volume...
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