NO. 15


Japanese Nominations for Iranian Crude Liftings Fall Short of Target

Though negotiations between Iran's NIOC and its Japanese customers are stillin progress, it seems that liftings so far secured by NIOC for January andFebruary fall substantially short of the original target of 242,000 b/d (MEES,4 January). According to MEES sources, Japanese nominations for Iranian crude liftings now total some 3.3mn barrels (110,000 b/d) for January and around 5-6mnbarrels...