VOL. XXXII

NO. 52

3-OCTOBER-1988

IRAN

NIOC Offers Reduced Prices to Japanese Companies

MEES learns that after much hard bargaining throughout last week, theNational Iranian Oil Company (NIOC) team in Tokyo shaved prices for Japanesefirms for the fourth quarter, offering term customers Iranian Light at spot Omanminus 35 cents/B (ex-Sirri) and spot Oman minus 55 cents/B (ex-Kharg), andIranian Heavy at spot Dubai minus 45 cents/B (exSirri) and spot Dubai minus 65cents/B (ex-Kharg). This compares with...