NO. 20

15 FEBRUARY 1993


Iran Likely to Adjust March Prices to Saudi Levels

Although Iran's NIOC has not yet sent any formal notification to its Japanesecustomers, MEES understands that Iranian FOB formula prices for crude deliveriesto the Far East in March are likely to be adjusted in line with changes in Saudiprices as well as to take account of the move by Platt's, effective 1 February,to widen the Dubai/Oman spot price differential to 77 cents/B as compared withthe...