No. 11

17 March 1997


Iran Price Formulas Remain Unchanged For April

Iran'sNIOC has left unchanged the April price formulas for both its Iranian Light andIranian Heavy crudes. Iranian Light will sell at Oman MPM minus 7cents/B for April, while Iranian Heavy will sell at Dubai minus 13 cents/B. Iran's pricingformulas for Japanese and other Far Eastern customers are set on a quarterly basis,subject to monthly reopening in response to price changes in Saudi Arabia's Arab Light and...