VOL. XXXVII

NO. 49

5-SEPTEMBER-1994

Iran

Iran Targets Traders As NIOC's Direct Marketing Campaign Intensifies

While Iran has recently stepped up its efforts to enforce destination andresale restrictions in term contracts for FOB crude sales, the crackdown - whichis primarily aimed at traders but affects other customers as well - is only thelatest development in state NIOC's eighteen-month-old direct marketing campaign.Indeed, the role of traders and other third-party intermediaries in the...