VOL. XXXII
NO. 25
27-MARCH-1989
IRAN
NIOC Asks Japanese Trading Houses for Prepayment Credit Facilities for OilSales
MEES understands that Iran's NIOC has recently approached a number of aJapanese trading houses - including Tomen, Mitsui and Mitsubishi - to arrangeprepayment credit facilities for oil sales similar to those extended by Europeanbanks earlier in the year.
Agreement is said to be close with Tomen for $100mn of credit from TokaiBank, while negotiations are continuing with Mitsui for...
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