VOL. XXXI

NO. 46

22-AUGUST-1988

IRAN

Japanese Purchases of Iranian Crude Fall Short of Contract Levels for3Q

MEES understands that Iran's NI0C has reached a compromise with its tradinghouse crude oil customers in Japan as regards third-quarter deliveries wherebythe Japanese buyers concerned will be entitled to reduce their 3Q liftings to70% of contract levels, while retaining the option to lift the full amount ifthey wish. At the same time, earlier contract volumes for a total of 40,000 b/d...