Iranian Price at Sidi Kerir
MEES learns that Iran's NIOC last week sold a cargo of 130,000 tons ofIranian Light crude to a Mediterranean customer (believed to be Italy's Agip)f.o.b. Sidi Kerir, the Mediterranean terminus of Egypt's Sumed pipeline, at aprice of dated Brent minus $1.16/B. This would equate to an f.o.b. Gulf price ofapproximately dated Brent minus $2/B.