VOL. XXXIV

NO. 36

10-JUNE-1991

Iran

Chevron Concludes Spot Deal with Iran for US Market Pending TreasuryApproval

MEES understands that Chevron Corporation concluded last week a spot dealwith Iran which provides for the import of one VLCC (around 2mn barrels) ofIranian Heavy crude oil to the US Gulf, subject to the approval of the USTreasury Department. Further shipments are likely to follow if the arrangementproves satisfactory to both parties. Loading is to take place during the first10 days of...