VOL. XXX

NO. 19

16-FEBRUARY-1987

IRAN

Iran Signs Processing Deals with Five Companies

MEES understands that Iran's NIOC has recently signed crude processing dealswith five companies for a total volume of around 150,000 b/d. The five companiesconcerned are Vitol, Singapore Petroleum Company (SPC), Japan's C. Itoh,Sangyong of South Korea, and Derby (Phibro). The contracts are said to be mainlyin the 20,000-30,000 b/d range, with Vitol probably rather more at around40,000-50,000 b/d.

Meanwhile, no...