VOL. XL

No. 6

10-February-1997

IRAQ

SOMO To Renew Most Current 90-Day Contracts For Next Period

Iraq's SOMO will renew most of the present 90-day crude sales contracts for the next 90-day period (which begins on 10 March), while leaving the volume assigned to each company, and the possibility of signing new agreements, open until later this month when there is a clearer perspective on future price developments, a senior SOMO official tells MEES. "Our marketing policy for the second 90-day...