VOL. XLII

No. 32

9-August-1999

IRAN

Iran Increases September Price Formulas For Asian Customers

Iranç—´ NIOC has raised the September price formulas for allthree grades of crude for its Asian customers by 10 cents/B. Iranç—´ 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):

1999

Jan

Feb

Mar

Apr

May

...