NO. 17



Iran Plans to Sell 130,000 b/d of Crude Oil to Turkmenistan

Iranian Foreign Minister Ali Akbar Velayati said that Iran is planning toexport 130,000 b/d (6.5mn tons) of crude oil annually to the former Sovietrepublic of Turkmenistan. Mr. Velayati told the Iranian news agency IRNA on 23January that Iran would also set up a plant to produce lubricants inTurkmenistan and help that country explore and exploit its oil and gasresources. He did not say when Iran would...