VOL.XXXIXNo. 6018 November 1996IRAN

IranRaises Price Of Light Crude For DecemberIran's NIOC has increased the December price formula for itsIranian Light crude but left the price formula forIranian Heavy unchanged from its November posting. Iranian Light will sellat Oman MPM plus 3 cents/B, an increase of 15 cents/B fromlast month. Iranian Heavy will remain at Dubai minus 3 cents/B. Iran'spricing formulas for Japanese and other Far Eastern customers areset on a quarterly basis, subject to...