No. 41

13 October 1997


Iran Leaves November Crude Prices Unchanged

Iran's NIOC has left its crude oil price formulas for Asia for November unchanged.Iranian Heavy remains at Dubai plus 7 cents/B, while Iranian Light stays at Oman minus 42cents/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 SaudiArabia's Arab Light and Medium grades.

These price formulas are subject to...