VOL. XLI

No. 32

10-August-1998

IRAN

Iran Raises September Prices In Line With Saudi Increases

Iran's NIOC has raised its September price formulas for Asian deliveries by 50 cents/Bon both Iranian Light and Iranian Heavy crudes. This follows NIOC's regular practice ofadjusting its prices for Iranian Light and Iranian Heavy crudes cent-for-cent in line withthe respective monthly movements of Saudi Arab Light and Arab Medium crudes. The followingtable shows the adjustment factors for Iranian Light...