VOL. XLI

No. 19

11-May-1998

IRAN

Iran Raises June Price Formulas By 15 Cents/B

Iran's NIOC has increased June price formulas for its Asian customers by 15 cents/B.Iranian Light was raised to Oman/Dubai minus 20 cents/B, while Iranian Heavy was marked upto Oman/Dubai minus 90 cents/B. The following table shows the adjustment factors forIranian Light and Iranian Heavy in relation to the Oman/Dubai average for the first halfof 1998 ($/B):

1998

Jan

Feb

Mar

Apr

May

Jun

Iranian Light

...