VOL. XLII

No. 28

12-July-1999

IRAN

Iran Reduces August Price Formulas For Asian Customers

Iran痴 NIOC has reduced the August price formulas forIranian Light and Iran Heavy crudes for its Asian customers by 10 cents/B and20 cents/B respectively. It also cut the August price formula for its ForoozanBlend by 20 cents/B. Iran痴 prices for Asia are set for the quarter, butreviewed monthly. The following table shows the adjustment factors for Iraniancrudes sold to Asian customers in relation to the...