VOL. XL

No. 29

21 July 1997

IRAN

First Fuel Oil Export Cargoes From New Bandar Abbas Refinery Expected In August

Given the number of start-up dates which have come and gone without being realized,market observers can be excused for expressing some amount of scepticism when news thatthe 232,000 b/d grassroots Bandar Abbas refinery had at long last been commissionedsurfaced several weeks ago. But that indeed appears to be the case, as severalMideast-based products traders report being offered...