VOL. XL
No. 32
11 August 1997
IRAN
Iran Raises September Prices To Asia
Iran's NIOC has raised its crude price formulas by 10-20 cents/B for September. Theformula for Iranian Heavy is up 20 cents at Dubai minus 3 cents, and that for IranianLight up 10 cents at Oman minus 57 cents/B. Iran's pricing formulas for Japanese and otherFar Eastern customers are set on a quarterly basis, subject to monthly reopening inresponse to price changes for Saudi Arabia's Arab Light and Medium grades.
These price...
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