Iran Increases September Price Formulas For Asian Customers
Iran痴 NIOC has raised the September price formulas for allthree grades of crude for its Asian customers by 10 cents/B. Iran痴 prices forAsia are set for the quarter, but reviewed monthly. The following table showsthe adjustment factors for Iranian crudes sold to Asian customers in relationto the Oman/Dubai average benchmark for the first nine months of 1999 ($/B):
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