VOL. XXXIII

NO. 29

23-APRIL-1990

Iran

Japanese Trading Houses Cut 2Q Iranian Crude Liftings

Although negotiations between Iran's NIOC and its Japanese term customershave not yet been finalized in all cases, it looks as though there will be asizeable drop in the volume of Japanese liftings of Iranian crude in the secondquarter. The most that can be expected for 2Q is around 215,000 b/d, which is75,000 b/d less than the 290,000 b/d level registered in 1Q (for 1Q details seeMEES, 15 January).

NIOC's...