VOL. XLIV
No. 03
15-January-2001
IRAN
NIOC Extends BWAVE Reference To Pricing For Mediterranean Market
The National Iranian Oil Company (NIOC) has extended its use of the IPEs Brent Weighted Average (BWAVE) pricing benchmark to cover deliveries of Iranian crudes to the Mediterranean market out of Kharg Island and Sidi Kerir. This follows the decision last year by NIOC to use the BWAVE datum for deliveries to Northwest Europe and South Africa for a six-month trial period beginning 1 January (MEES,...
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