Middle East Economic Survey

VOL. XLIX

No 22

29-May-2006

IRAN

NIOC Secures Term Contract For Soroush/Nowruz Crude

The National Iranian Oil Company (NIOC) has secured a term contract for Soroush/Nowruz crudes, which it has so far found difficult to market. NIOC Executive Director of International Affairs Hojatollah Ghanamifard said on 18 May that the company had secured a term contract to supply 60,000 b/d of Soroush/Nowruz crude into Asia, with shipments having started in April. MEES understands...