17 January 2000
Iran Cuts February Price Formulas For Asian Customers
Irans NIOC has reduced the February price formulas for its Asian customers by 20-25 cents/B. Iranian Light was cut by 25 cents/B to Oman/Dubai plus 60 cents/B, while Iranian heavy was marked down by 20 cents/B to Oman/Dubai plus 15 cents/B. Foroozan was decreased by 20 cents/B to Oman/Dubai plus 12 cents/B. Irans prices for Asia are set for the quarter, but reviewed monthly. The following table shows the...