NO. 12/13

25-DEC-1989/1 JAN1990


Aghazadeh Explains Advance Oil Sales Policy

In a recent interview with the Tehran daily Kayhan, Iranian Oil MinisterGholamreza Aghazadeh has explained Iran's policy of making advance sales of oilas stemming from a decision of the Iranian cabinet. He said that the cabinet hadtaken a decision to raise $2.6bn through advance sales of oil because offavorable conditions in the oil market. He also noted that the policy had notbeen recommended by the Oil...