Middle East Economic Survey
VOL. LIII
No 40
4-Oct-2010
IRAN
IOCs Increase Iranian Crude Oil Purchases
International oil companies (IOCs) Shell, Total and Italys API increased their orders for Iranian crude oil during May-August 2010, Britains Guardian newspaper reported on 28 September. While buying Iranian crude is not banned under international sanctions against Tehran, the increased trade is reportedly a result of the National Iranian Oil Company (NIOC) offering crude at rates below the...
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