VOL. XXXI

NO. 43

1-AUGUST-1988

IRAN

Iran's 3Q Japanese Contracts Lag Far Behind MITE Quota Levels

MEES understands that by the end of July only some 70,000 b/d ofthird-quarter contracts between Iran's NIOC and its Japanese customers have beenfinalized. This compares with a total of 242,000 b/d of "quotas" forIranian Siftings by Japanese companies approved by Japan's Ministry of International Trade and Industry (MITI) for the third quarter - 202,000 bid by deliveryto Japan and 40,000 b/d to other...