VOL. XLIV
No. 16
16-April-2001
IRAN
Iran Abandons Voluntary Approach To Exports Cutbacks
MEES learns that Iran has abandoned a proposal that crude oil customers reduce their loadings on a voluntary basis following the latest OPEC cutbacks agreement, because companies are reluctant to be the ones making the sacrifice in the current market. Now the National Iranian Oil Company (NIOC) is expected to reduce allocations across the board by an average 5% following the March OPEC agreement, in addition...
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