NO. 39


Oil Prices

Iran Leaves 3Q Price Formula For Asian Sales Unchanged

Iran's NIOC has left unchanged its Far East contract prices for the thirdquarter 1995. For July to September liftings, Iranian Light will be priced atOman spot minus 12 cents/B, and Iranian Heavy at Dubai spot plus 29 cents/B.Iran's pricing formulas for Japanese and other Far East customers are set on aquarterly basis, subject to monthly reopening in response to price changes inSaudi Arabia's Arab...