IranAnd Japanese Buyers Agree On10-Cents/BIncreaseInIranian Heavy Price For 4Q
Iran'sNIOCandJapan'sShowa-Shell haveagreed to roll
over the price formula for IranianLight andincreasethe priceformulaforIranianHeavyby10 cents/B for the
fourth quarter of this year,MEES understands.Inaccordancewiththe usual practice,the agreement will be extended to other Japanese customers.
For 4Q, therefore, the FOB price formulas for Iranian crude
deliveries to Japanese...