VOL. XLI

No. 31

3-August-1998

CASPIAN

Dragon And Monument Deliver First Cargoes Of Caspian Crude Under SwapDeals

Over the past two weeks both Dragon Oil of Ireland and the UK companyMonument Oil and Gas have delivered and successfully discharged their first cargoes ofChelekan blend crude oil at Irans Caspian Sea port of Neka. While the two companiessigned long-term swap agreements with the National Iranian Oil Company (NIOC) earlier thisyear, physical start up of the accords has been delayed by a...