Iraq raises Basra light crude oil price

Iraq has raised the official selling price of Basra light crude to U.S. buyers for October by 15 cents to $1.15 per barrel below the Argus (ASCI) benchmark, an industry source said on Wednesday. The price for Kirkuk crude to Europe increased the most, rising by $1.95 a barrel, and will sell at a premium of 15 cents a barrel to the Dated Brent benchmark, according an e-mailed statement today. Basrah Light to Europe will cost $1.50 a barrel more in October than in September and will sell at a narrower discount of $1.45 a barrel to Dated Brent. Iraq raised Basrah Light prices to Asia. The discount for the grade to Asia narrowed by 20 cents a barrel, to $1.35 a barrel below the Dubai-Oman benchmark for loading next month.

Alsumaria TV An independent Iraqi Satellite TV Network that transmits on Nilesat and Hotbird from its temporary offices in Lebanon . Alsumaria was established by a group of professional businessmen in 2004. It includes a solid staff of 300 employees in Iraq and 150 in Lebanon . In a span of two years, Alsumaria has managed to become one of the most dynamic and watched TV stations in Iraq .

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