VOL. XLI

No. 24

15-June-1998

IRAN

Iran Raises July Price Formula For Heavy Crude

Iran's NIOC has increased the July price formula for its Iranian Heavy crude by 5cents/B, leaving Iranian Light unchanged. For July, Iranian Light will remain atOman/Dubai minus 20 cents/B, while Iranian Heavy will be priced at Oman/Dubai minus 90cents/B. The following table shows the adjustment factors for Iranian Light and IranianHeavy in relation to the Oman/Dubai average during 1998 ($/B):

...

1998

Jan

Feb