IRAN

Idemitsu Signs up for 30,000 b/d Iran Term Contract

Iran's intensive sales drive in the Far East has borne its first fruit with a new term contract with a major Japanese refiner, and more deals with other Japanese buyers are expected to be wrapped up shortly by an NIOC team which is currently visiting Tokyo.

MEES understands that Idemitsu has signed a term contract with NIOC for the supply of 30,000 b/d of Iranian crude for the six-month period July-December 1987. Idemitsu...