VOL. XXXII
NO. 50
18-SEPTEMBER-1989
IRAN
NIOC to Receive $325mn from Ashland Oil
Ashland Oil Inc., the Kentucky oil refiner and marketer, has agreed to paythe National Iranian Oil Company (NIOC), $325mn in a settlement of a 10-yeardispute over crude oil purchases. The company, which has already anticipatedpaying for that oil by carrying a current liability of $283mn, is to make aextra pretax charge of $42mn in the quarter ending 30 September as a result ofthe settlement. According to an Ashland...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!