VOL. XL No. 1728-April-1997


Iraqi Oil Sale Contracts Reach Six-MonthAverage Of 673,000 B/D

MEES understands that Iraq's SOMO is continuing to hold negotiations withinternational oil firms, including companies from South Africa and Europe,despite the fact that the 50 contracts signed so far have reached the $2bntarget set for the first 180 days in Security Council resolution 986. Unlike theexperience of the first 90-day term when SOMO was caught short at the end of theperiod because of...