No. 49

2 September 1996


Iran Leaves September Price Formula Unchanged

Iran's NIOC has left unchanged from August the September price formulas for its Iranian Light and Iranian Heavy crudes. Iranian Light for September will sell at Oman minus 12 cents/B, while Iranian Heavy will remain at Dubai minus 23 cents/B. Iran's pricing formulas for Japanese and other Far Eastern customers are set on a quarterly basis, subject to monthly reopening in response to price changes in...