NO. 10



NIOC Moves To Expand Sales Of Foroozan Blend As Export Flows Mount

Iran's NIOC has been making solid progress in building up exports of a newcrude oil stream Foroozan Blend composed of the output of three offshore fieldsin the general vicinity of Kharg Island. The first indication of NIOC's newsales push came in September when, after years of languishing in the20,000-40,000 b/d range, exports of the grade suddenly jumped to 123,000 b/d(see Table 1). An...