NO. 28



Gas Exports to USSR Start up on Schedule

After a ten-year hiatus, Iran resumed natural gas exports to the Soviet Unionthrough the IGAT-1 pipeline at a rate of 3bn cubic meters a year on schedule on9 April. Although no details of the pricing agreed on for the gas have emerged,Iranian Oil Minister Gholamreza Aghazadeh said that the two sides had agreedthat the price of the gas would be adjusted monthly according to internationalrates, and he indicated that the...