VOL. XL

No. 7

17-February-1997

IRAQ

Iraq's March Prices Down For US And Asia While Europe Remains Unchanged

In accordance with the Iraqi pricing arrangements agreed upon with the UN for monthly adjustments cent-for-cent in line with the price movements for Saudi Arab Light crude, March price formulas for Iraqi crudes for US and Asian destinations have been reduced by 25 cents/B and 15 cents/B respectively. Kirkuk (36ーAPI, 2% sulfur) FOB the Turkish Mediterranean port of Ceyhan and Basrah Light...