VOL. XLVII

No 17

26-April-2004

IRAN

TNK-BP To Deliver Crude Cargoes To Irans Neka Terminal

Russias TNK-BP is to deliver four 5,000-ton (37,000 barrels) cargoes of crude oil to Irans Neka terminal on the Caspian Sea coast. MEES understands that the crude oil, totaling 148,000 barrels, has been sold to traders Vitol and Glencore, which have purchased the volumes for transportation by pipeline to the Tehran refinery for processing. The deal is a conventional sales agreement (although the duration is...