IRAN

Iran Concludes Singapore Netback Deals with Showa and Cosmo 

Iran has concluded netback-priced deals with two Japanese firms, Showa Oil and Cosmo. MEES understands that the deal with Showa is for 1mn barrels a month (roughly 30,000 b/d) for a three-month period March-May 1986; and that with Cosmo is believed to be for the same volume and period. Prices are based 1002 on netbacks from Platt's quotations for refined products at Singapore (a previous deal with Showa was priced...