VOL. XXXVIII

NO. 821 NOVEMBER 1994

Iran

NIOC Increases December Price For Iranian Heavy, Light Left Unchanged

Iran's NIOC has increased its Far East contract prices for December liftingsof its Iranian Heavy grade by 10 cents/B, while leaving that for Iranian Lightunchanged versus its original fourth quarter contract price. This is in linewith December price changes for Saudi Arabia's competing Arab Medium grade (MEES,7 November). Iran's pricing formulas for Japanese/Far East customers are set ona...