VOL. XLII

No 50

13-December-1999

IRAN

Iran Boosts January Price Formulas For Asian Customers

Iranç—´ NIOC has hiked the January price formulas for itsAsian customers by 25-50 cents/B. Iranian Light was increased by 50 cents/B toOman/Dubai plus 85 cents/B, while Iranian Heavy was marked up by 25 cents/B toOman/Dubai plus 35 cents/B. Foroozan was put up by 28 cents/B to Oman/Dubaiplus 32 cents/B. Iranç—´ prices for Asia are set for the quarter, but reviewedmonthly. The following table shows the...