VOL. XXXIV

NO. 47

26-AUGUST-1991

Iran

Iran to Sell 40,000 b/d of Crude to China

Under a protocol signed in Beijing on 19 August, Iran will sell two million tons (40,000 b/d) of crude oil to China during thenext year. Iranian Finance Minister Mohsen Nourbakhsh and Chinese Minister ofForeign Economic Relations and Trade Li Lanqing signed the agreement. The crudeoil sale is a measure designed to bring Iran-China trade into balance, as agreedby the Iran-China Joint Economic Commission shortly before...