Introduction 1-SOMO: Iraq sets the selling price for Basra Medium crude to Asia in May at an increase of 17.30 dinars/bar

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April 8 (Reuters) - Iraq's state oil marketing company SOMO said on Wednesday that Baghdad raised the official selling price (OSP) of its Basra Medium crude to Asia for May to $17.30 a barrel above the average of Oman/Dubai selling prices, after the OSP in April was $0.30 a barrel higher .

The selling price of Basra Heavy crude to Asia in the same month was $15.20 per barrel higher than Oman/Dubai prices.

SOMO added that the official selling price for Basra Medium crude for May to Europe was set at $20.45 per barrel above the price of Brent crude.

Regarding the official selling price of Basra Medium crude for May to North and South America, SOMO said it was set at a premium of $10.20 per barrel over the price of Argus Sulfur crude.


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