VOL. XXXIV

NO. 21

25-FEBRUARY-1991

Iran

Iran Plans to Set Up Oil Trading Firm in London

Iran's Ministry of Oil has announced plans to establish an oil tradingcompany in London, which will buy and sell both Iranian and non-Iranian crudeoil and products. The new firm will function independently of the NationalIranian Oil Company (NIOC) office in London and report directly back to NIOC'sinternational affairs division in Tehran. The company, which is scheduled tostart operations within the next two...