Platts to update publication of Iraq OSPs to US

With effect from April 1, 2011, Platts plans change the page layout for Iraqi Official Selling Prices (OSPs) found on PGA338.

The page will include indicative outright OSP values, as well as official differentials as released by Iraq's State Oil Marketing Organization.

The Iraqi outright OSP for Basrah will be approximated by adding the differentials as released by SOMO to the monthly average for Platts Mars second month physical market assessments (market data code AAMBV00).

The Iraqi outright OSP for Kirkuk will be approximated by adding differentials to the monthly average for Platts Mars first month physical market assessments (market data code AAMBS00).

Please send questions or comments to OSP@platts.com and pricegroup@platts.com with a cc to teresa_reveley@platts.com.