Iran Raises March Formula Prices
Iran痴 NIOC has raised the March price formulas for itsIranian Light and Iranian Heavy crudes by 20 cents/B and 25 cents/Brespectively. Iranian Light has been set at Oman/Dubai minus 15 cents/B, whileIranian Heavy was put at Oman/Duabi minus 40 cents/B. The following table showsthe adjustment factors for Iranian Light and Iranian Heavy in relation to theOman/Dubai average during the second half of 1998 and first quarter of...
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