NO. 21

20 FEBRUARY 1995


NIOC Increases March Price For Iranian Heavy, Light Left Unchanged

Iran's NIOC has increased its Far East contract prices for March liftings ofits Iranian Heavy grade by 25 cents/B, while leaving that for Iranian Lightunchanged versus the original first quarter 1995 contract price. This is in linewith March price changes for Saudi Arabia's competing Arab Medium grade (MEES,13 February). Iran's pricing formulas for Japanese/Far East customers are set ona...