VOL. XL
No. 15
14-April-1997
IRAQ
New Iraqi Crude Contracts
Several new term and spot contracts for Iraqi crude oil salesunder the oil-for-food program have recently been approved by the UN for lifting duringthe second 90-day period (10 March-7 June) of the program. In addition to those alreadyreported in MEES (see 24 and 31 March), the new contracts are understood to comprise thefollowing:
-Chevron (US), 350,000 barrels of Basrah Light ex-Mina al-Bakr for delivery tothe US (spot).
-Petroleus...
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