No. 10

4 December 1995


Iran Raises Price Formula For December

Iran's NIOC has increased the price formulas for December crude liftings for its Far East customers by 10 cents/B. Iranian Heavy was raised to Dubai plus 17 cents/B, from Dubai plus 7 cents/B for the fourth quarter, while Iranian Light was marked up to Oman minus 7 cents/B from the fourth quarter price of Oman minus 17 cents/B. Iran's pricing formulas for Japanese and other Far Eastern customers are set on a...