VOL. XLII

No. 03

18-January-1999

IRAN

Caspian Swap Shipments Resume As Turkmen Producers Resolve Quality Problem

Irelands Dragon Oil has apparently resolved a pour point problem which had threatened to disrupt deliveries under an existing swap deal between the National Iranian Oil Company (NIOC) and the Turkmen producer. The arrangement involves the shipment of Chelekan blend crude from Turkmenistan to Irans Caspian sea port of Neka, from where it is transported through a recently reversed 40,000...