IRAN

Japanese Term Deals for Iranian Crude Reach 260,000 b/d

The total volume of term supply deals concluded between Japanese buyers and Iran's NIOC for the second half of this year has now reached around 260,000 b/d. According to MEES sources, the breakdown of the various contracts is as follows: Cosmo, 55,000-60,000 b/d (45,000 b/d of regular Iranian crudes plus 10,000-15,000 b/d of Sirri crude); C. Itoh, 40,000 b/d (20,000 b/d straight term contract plus 20,000 b/d processing deal);...