VOL. XL No. 1728 April 1997


Correction On Iraqi Prices For May

The May price of Iraq's Basrah Light crude to South Africa should be shown asDated Brent minus $2.25/B rather than minus $2.55/B as was reported in MEES on14 April. While Iraq's crude prices to the US, Europe and the Far East followcent-for-cent the movement of Saudi prices, the price of Basrah Light crudeshipments to South Africa is left open for negotiation and is decidedindependently by SOMO. So far SOMO has decided to leave...