VOL. XLI

No. 37

14 September 1998

IRAN

Iran Raises Price Of Heavy Crude For October, Light Unchanged

Iran's NIOC has increased the October price formula for its Iranian Heavy crude by 20cents/B to Oman/Dubai minus 20 cents/B. Iranian Light remains unchanged at Oman/Dubai plus10 cents/B. The following table shows the adjustment factors for Iranian Light and IranianHeavy in relation to the Oman/Dubai average during 1998 ($/B):

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1998

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep