VOL. XXXI

NO. 14

11-JANUARY-1988

IRAN

NIOC Indicates Readiness to Extend January Spot-Related Price for Whole ofFirst Quarter

MEES understands that Iran's NIOC has verbally indicated to Japanesecustomers its readiness to extend the market-related price set for January -spot Oman minus 10 cents/B for Iranian light and spot Dubai minus 20 cents/B forIranian Heavy - for the whole of the first quarter. Earlier, NIOC had beenmaintaining that this price formula should be valid only for January,...