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...