NO. 47

21 AUGUST 1995

Oil Prices

Iran Raises September Price Formula For Heavy Crude To Asian Customers

Iran's NIOC has raised the price of Iranian Heavy for September liftings tothe Far East by 10 cents/B, leaving Iranian Light unchanged and restoringIranian crude oil price formulas to their third quarter postings. For September,Iranian Heavy will be priced at Dubai spot plus 29 cents/B, while Iranian Lightwill remain at Oman spot minus 12 cents/B. Iran's pricing formulas for...