VOL. XXXVIII
NO. 50
11-SEPTEMBER-1995
Iran
India Renews Oil Contract For 3Mn T/Y Of Iranian Oil
The Indian Oil Corporation (IOC) has renewed its contract with the NationalIranian Oil Company (NIOC) for 3mn tons/year (60,000 b/d) of Iranian crude oil.The current contract, which has been in effect since 1993, will expire laterthis year and covers liftings of Iranian Heavy, Iranian Light and Lavan Blend.India is Iran's third largest Asian customer after Japan and Korea.
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