VOL. XXXIV

NO.16

21-JANUARY-1991

Iran

Japanese Buyers Slash Crude Contract Volumes from Iran by 260,000 b/d in1Q 1991

Buoyed up by comfortable stock positions in Japan and few anxieties aboutfuture supplies, even with the advent of war in the Gulf, Japanese buyers havesharply cut back their contractual volumes of Iranian crude supplies in thefirst quarter of 1991 as compared with the fourth quarter of 1990. The totalvolume of 1Q 1991 contract liftings of Iranian crude by Japanese customers hasnow...