VOL. XL No. 13 31-March-1997

IRAQIraqi Oil Exports Stand At 662,000 B/D

Iraqi oil exports under Security Council resolution 986 now stand ataround 662,000 b/d with the UN approval of a new contract to Japan's Idemitsufor 10,000 b/d of Basrah Light for the second 90-day period. As part ofSOMO policy to move crude liftings as early as possible, in order to avoiddelays at the end of the period in case it has to increase sales if pricesgo down, the two Japanese firms Idemitsu and Cosmo are...