VOL. XXXVIII

NO. 37

12 JUNE 1995

Iran

US Companies Hiked Iranian Crude Liftings By 65% In May

According to data from MEES sources, Iran's crude oil exports decreasedslightly to 2.525mn b/d in May, a decline of 25,000 b/d from the April averageof 2.550mn b/d. Allowing for estimated deliveries to domestic refineries of1.05mn b/d in May, Iran's May crude production is put at 3.575mn b/d as comparedwith 3.6mn b/d in April.

Liftings by the National Iranian Oil Company (NIOC) averaged 859,000 b/d inMay...