VOL. XXX

NO. 13

5 JANUARY 1987

Iran, Nigeria and Algeria: Fixed Prices from 1 February

Iran's NIOC has notified its crude oil customers that, in line with the OPECagreement, it will be applying fixed official prices of $17.50/B for 34 APIIranian Light and $16.89/B for 31 API Iranian Heavy fob Larak with effect from1 February 1987. Meanwhile, customers have been asked to send representatives toTehran around the middle of January to negotiate the new contract terms.

The Nigerian National Petroleum...