VOL. XLII

No. 07

15-February-1999

IRAN

NIOC Urges Delivered Customers To Lift Crude Directly FromKharg Island

Over the past several months, the National Iranian OilCompany (NIOC) has been encouraging customers in Europe which receive volumeson delivered terms or at Sidi Kerir on the Mediterranean side of the Sumedpipeline to lift directly from Irans main loading terminal at Kharg Island.This is being done to cut down on transportation-related costs such as freight,Sumed transit fees and demurrage...