VOL. XXXII

NO. 2

17-OCTOBER-1988

IRAN

C. Itoh Signs Contract for 31,000 b/d of Iranian Crude

MEES understands that the volume of the contract concluded between Japan's C. Itoh and Iran's NIOC for fourth-quarter deliveries of Iranian crude is 31,000b/d (rather than 17,000 b/d as stated in last week's MEES). Other 40 contractsso far concluded between Iran and Japanese buyers are with Cosmo (30,000 b/d)and Showa-Shell (20,000 b/d). Negotiations are still continuing on 4Qcontracts between NIOC and its...