VOL. XXXIII

NO. 1

9-OCTOBER-1989

Iran

Iran and Japanese Buyers Agree on Price Rollover for 4Q

Iran's NIOC and its Japanese customers have agreed to keep the price formulafor Iranian crude liftings for the fourth quarter unchanged from the thirdquarter, at parity with spot Oman for Iranian Light and spot Dubai minus 15cents for Iranian Heavy. Volumes for 4Q have not yet been finalized but areexpected to be not far removed from the 3Q level of around 300,000 b/d (forbreakdown list see MEES, 31...