VOL. XL
No.24
16 June 1997
IRAN
Iran Ups July Price Formula For Heavy Crude By 10 Cents/B
Iran's NIOC has increased the July price formula for its Iranian Heavycrude by 10 cents/B, while leaving Iranian Light unchanged. Iranian Heavy will sell atDubai minus 13 cents/B during July while Iranian Light will remain at Oman minus 27cents/B. Iran's pricing formulas for Japanese and other Far Eastern customers are set on aquarterly basis, subject to monthly reopening in response to price changes in...
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