VOL. XXXIV

NO. 41

15-JULY-1991

Iran

Brazil Increases Oil Imports from Iran by 80,000b/d

Brazil has agreed to import as of next September 80,000 b/d of Iranian crudeoil, in addition to the 100,000 b/d it already purchases. This is part of acounter trade agreement worth over $1.6bn which was signed last week in Tehranby Mr. Joao Santana, the Brazilian Minister of Infrastructure and Mr. GholamrezaAghazadeh, the Iranian Oil Minister.

Mr. Santana told the press that payments by Petrobras for the crude...