IRAN

Tomen Signs up for Sirri Crude

Japan's Tomen has reportedly concluded a one-year (1985) contract with Iran's NlOC for the purchase of 10,000 b/d of offshore Sirri crude. The f.o.b. price of the 31° API Sirri crude is said to have been set at $26.75/B, which is 80 cents less than the official price of 31° API Iranian Heavy at Kharg. However, the delivered price of Sirri c.i.f. Japan would be around $27.75/B - 25 cents more than the current delivered price of Iranian...