UN Agrees To Iraqi Price Adjustments For US And Europe
The UN overseers and the Sanctions Committee have approved arequest by Iraq's state oil marketing organization SOMO for downward adjustments for Iraqicrude price formula in respect of deliveries to Europe and the US in response todeteriorating market conditions for sour crudes. For the period 10-31 March, the FOB(ex-Ceyhan) price for Kirkuk crude destined for Europe will be cut by 25 cents/B to Dated...
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