Iran Introduces Price Formula For Foroozan Blend
Iran痴 NIOC has introduced for the first time a priceformula for its offshore Foroozan Blend. Prices for Foroozan have previouslybeen settled on a customer-by-customer basis. This new formula applies to Asiancustomers only. The Foroozan formula is effective for second quarter 1999 andis set at Oman/Dubai minus 61 cents/B. Earlier this month NIOC set the Aprilprice formulas for its Iranian Light and Iranian Heavy...