* Iraq to cut prices of crude shipments to buyers in February
Thursday, 1/12/2012 said Iraqi Oil Marketing Company (SOMO), yesterday, said that Iraq cut shipments in February of Basra Light crude to U.S. buyers 20 cents to a level below 70.1 dollars per barrel for Argus index, and reduced prices for importers Europeans and Asians.
and was cut the official selling price for shipments of February of Kirkuk crude to U.S. refiners to a bonus of five cents above the index of Argus compared with Allawi of 15 cents in the previous month. and buy Importers Asians Basra Light crude at a premium of $ 10.1 dollars over the average prices of crude Oman and Dubai. and determine the selling price of Basra crude to European buyers a discount of 35.4 dollars for the spot price of crude North Sea standard compared with the discount was only 50.2 dollars in the previous month. a parliamentary political differences threaten the social fabric of the Iraqi people, said MP for the “coalition of the center” and Walid Abboud, Mohammadi said that the suffering of Iraqis escalate day after day and their lives more difficult in the circumstances in which they live from deprivation and poor services. Mohammadi called on all government institutions and civil society institutions to work to mitigate and alleviate the suffering of the Iraqi citizen surveys, which show the UN that it represents the highest proportion of suffering among the citizens of the Middle East and North Africa. And the Mohammedi attributed to the administrative and financial corruption, which is unprecedented in the history of Iraq, as well as the political differences that occur between now and then Vchl economic and security conditions, but it threatens the social fabric of the Iraqi people.

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