VOL. XXXVII
NO. 22
28-FEBRUARY-1994
Iran
NIOC Exports First Cargo From Sumed
The National Iranian Oil Company (NIOC) has exported the first directshipment of crude oil for its own account from the Sumed oil pipeline. The movefollows the agreement signed last July between the NIOC trading subsidiary NaftIran (NICO) and Sumed which allowed the transit of Iranian oil through the Sumedsystem directly by NIOC rather than through international traders."Commercially, they are doing now what they would...
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