IRAN

Iran Signs Netback Deals for 700,000 b/d 

According to MEES sources, Iran has now finalized one-year term contracts for 1986 covering some 700,000 b/d on a netback basis with a floor price calculated by a formula involving spot assessments for Dubai and Brent crudes (for details see MEES, 6 January). The companies with whom contracts have been signed are Shell (150,000 b/d), Marimpex (150,000 b/d), Yukong of Korea (100,000 b/d), Agip (60,000 b/d), BP (60,000 b/d), Enpetrol of...