More Japanese Term Contracts for Iran

As a result of its recent sales efforts, Iran's NIOC has now lined up some 120,000 b/d in term contracts with Japanese buyers stretching up to the end of this year. one of the deals, with C. Itoh, was finalized in Tehran last month; while contracts with Idemitsu, Tomen, Mitsubishi Oil and Cosmo were signed by an NIOC team which visited Tokyo over the past two weeks. According to MEES sources, the details are as follows:

- The deal with C....