National Iranian Oil Co. (NIOC) has pushed back the launch date for a new heavy crude grade to the end of this year, a source at the state-run firm tells International Oil Daily. The new grade, known as West of Karun, was due to debut by mid-2016 but the launch has been delayed to allow more time for work on a marketing strategy and tests by refiners, as well as a ramp-up in output at the fields that will produce the stream (IOD Jan.5'16).
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