VOL. XXXVI
NO. 36
7-JUNE-1993
IRAN
Brazil Slashes Iranian Crude Liftings
Brazil's Petrobras has announced that it will be reducing its crude oilliftings from Iran to 40,000 b/d as compared with the previous volume of 180,000b/d. Petrobras was reportedly unhappy over Iran's price and resale terms. According to Petrobras, the company will make up for the reduction in Iraniansupplies with increased purchases from Argentina (40,000 b/d), Kuwait, Qatar,Ecuador and the spot market.
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