VOL. XXXIX No. 58 4-November-1996IRAN

NIOC Considers Entering Forward Crude Oil Market The National Iranian Oil Company (NIOC) could become involved in the forward crude oil market, according Dr. Hojattolah Ghanimi Fard, NIOC Director for International Affairs. "We might enter into the paper oil market on condition that all different aspects of it are taken into consideration and the competent authorities accept its risks and costs, "Dr. Ghanimi Fard told a local newspaper. "This could be a...