IRAN

Iran Continues to Market on Cargo-by-Cargo Basis 

Efforts by Iran's NIOC to persuade its customers, particularly those from Japan, to resume oil liftings on a term-contract basis do not seem to have met with much success, and the price terms for loadings at Kharg Island are still being settled largely on a cargo-by-cargo basis. However, NIOC has reportedly been showing renewed flexibility recently in its discount policy, so that export volumes have begun to recover somewhat...