VOL. XXXI

NO. 10

14-DECEMBER-1987

IRAN FINALIZES DECEMBER DISCOUNTS TO JAPANESE CUSTOMERS

Iran's NIOC has now finalized its price discount offer to Japanese contractcustomers for liftings during December. Details of the discount proposal,approved by NIOC's top management, were communicated to the Japanese buyers concerned by facsimile last week. At current spot price levels the discounts rangebetween $0.80 and $1.00/B off the official price levels of $17.50/B forIranian light and $16.89/B for...