IRAN
Mitsubishi Contracts for 3.5-4.5Mn Barrels of Iranian Heavy in July
MEES learns that Japan's Mitsubishi Corp. has undertaken to buy, on behalf of certain Japanese refiners including Cosmo and Showa, some 3.5mn barrels of Iranian Heavy crude on a spot basis during July. This volume may be increased to 4.5mn barrels if Mitsubishi can find placement for the extra crude among Japanese refiners. The price for the Iranian Heavy paid to NIOC by Mitsubishi is understood to be Dubai minus...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!