KrispyKreme Posted September 13, 2011 Report Share Posted September 13, 2011 New Iraqi Oil Prices for October Posted on 12 September 2011. Tags: oil price, oil prices, SOMO, State Oil Marketing Organization Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for October. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: ◦For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); Iraq is selling exporting and signing contracts like crazy. How if there currency is worthless. Link to comment Share on other sites More sharing options...
BruceV Posted September 13, 2011 Report Share Posted September 13, 2011 I guess at the current worthless rate? . Link to comment Share on other sites More sharing options...
Jmcc Posted September 13, 2011 Report Share Posted September 13, 2011 They want to take it in, but not give it back. Sound familiar? Link to comment Share on other sites More sharing options...
unirod Posted September 13, 2011 Report Share Posted September 13, 2011 Hasn't China done well with an undervalued currency? Link to comment Share on other sites More sharing options...
Shick Posted September 13, 2011 Report Share Posted September 13, 2011 China has quite well, in fact they've done so well the US borrows from them in the Trillions Link to comment Share on other sites More sharing options...
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