OIL PRICE DEVELOPMENTS
Iran Finalizes 1Q Crude Sales Contract with Showa-Shell
Iran's NIOC has finalized a renewed crude oil sales contract with Showa-Shellof Japan for the first quarter of 1989 whose price parameters are expected toserve as a model for other Iranian crude deals with Japanese buyers. Thefirst-quarter 1989 Iranian crude prices agreed upon in the Showa-Shell contractare 15.5 cents/B higher than the fourth-quarter 1988 prices for Iranian...
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