NO. 21

21 FEBRUARY 1994


NIOC Raises March Price Formulas In Line With Saudi Arabia

Iran's NIOC has raised its contract price formulas for March crude liftingsby Far East customers by 10 cents/B for Iranian Light and 35 cents/B for IranianHeavy. This is in line with the increases in March crude price formulas forArabian Light and Medium crudes announced earlier this month by Saudi Arabia(MEES, 7 February).

The March formulas for Iranian crude deliveries to the Far East are: Iranian...