VOL. XLII
No. 12
22-March-1999
IRAN
Iran Introduces Price Formula For Foroozan Blend
Iranç—´ 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...
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