VOL. XXXIX

No. 24

11 March 1996

IRAN

Iran's Crude Export Program Shows Big Eastern Push In February

The National Iranian Oil Company (NIOC) continued to benefit from surging demand for crude in Asia during February, with buyers in that region lifting nearly half of Iran's 2.63mn b/d export slate (see related story below). Regional refiners typically operate at very high throughput rates in the lead-up to the traditional second quarter maintenance period and this year is proving no...