VOL. XLII

No 41

11-October-1999

IRAN

Iran Raises November Price Formulas For Asian Customers

Iranç—´ NIOC has increased the November price formulas forits Asian customers by 45 cents/B. Iranç—´ prices for Asia are set for thequarter, but reviewed monthly. The following table shows the adjustment factorsfor Iranian crudes sold to Asian customers in relation to the Oman/Dubaiaverage benchmark during 1999 ($/B):

1999

Jan

Feb

Mar

Apr

May

Jun

Jul/3Q

Aug

Sep

Oct

Nov

Iranian...