NO. 23



Iran to Sell North Korea 20,000 b/d for Next Five Years

Iran has signed an agreement with North Korea to supply it with 20,000 b/d(1mn tons/year) of crude oil for the next five years. The agreement wasfinalized on 4 March during a visit to Pyongyang by the speaker of the IranianMajlis, Mr. Mehdi Karrubi. According to the Iranian news agency IRNA, Iran andNorth Korea entered a trade agreement in 1990 under which Iran supplied NorthKorea with 1mn tons of oil as...