VOL. XXXIII

NO. 23

12-MARCH-1990

Iran

Malaysia Negotiates for Iranian Crude

Petronas Trading Company, an affiliate of the Malaysian national oilcompany Petronas, is negotiating the purchase of 10,000-20,000 b/d of heavycrude from Iran for processing in Malaysian refineries, according to thePresident of Petronas, Mr. Azizan Abidin. Mr. Abidin said on 2 March that thepurpose of the deal was to improve the company's position in tradingnon-indigenous oil in international markets, and that "it is...