VOL. XXXIX
No. 63
9-December-1996
IRAN
Iran Raises Price Of Light Crude For 1Q 1997
Iran's NIOC has increased the first-quarter 1997 price formula for its Iranian Light crude but left the price formula for Iranian Heavy unchanged from its December posting. Iranian Light will sell at Oman MPM plus 8 cents/B, an increase of 5 cents/B from December. Iranian Heavy will remain at Dubai minus 3 cents/B. Iran's pricing formulas for Japanese and other Far Eastern customers are set on a quarterly...
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