VOL. XLNo. 824-February-1997


SOMO Anxious To Boost Liftings, To Meet Revenue Target; US PriceFormula Revised

Iraqs SOMO has been in continuous contact with its present customersto lift additional volumes of either Kirkuk or Basrah Light crudes in orderto meet the revenue target of $1bn for oil sales during the first 90-dayperiod of the UN oil-for-food program which ends on 9 March, MEESlearns from industry sources. The response so far has not been very encouragingsince the requests have...