No. 38



SOMO To Sign Three-Month Market Related Contracts, Says Hasan

Iraq's oil sale contracts will be on a three-month basis and market related, according to Mr. Saddam Z. Hasan, Executive Director of the State Oil Marketing Organization (SOMO). In an interview with MEES, Mr. Hasan said that the first contracts are expected to be concluded during the second half of June and that they would be mainly with major oil companies. "The aim is to work mainly...