VOL. XXXI

NO. 8

30-NOVEMBER-1987

IRAN'S NIOC AGREES ON DISCOUNTS WITH SOME JAPANESE CUSTOMERS

MEES understands that general agreement has been reached between Iran's NIOCand some of its Japanese crude oil customers on incentive price discounts forliftings in November and December of this year. NIOC's discount offer, it willbe recalled, applies only to those buyers who undertake to lift their fullcontractual volumes for the fourth quarter of 1987 (MEES, 23 November).

According to MEES sources, the...