VOL. XXXIII

NO. 47

27-AUGUST-1990

Iran

Iran Sells 1.95mn Barrels of Crude to Thailand

Iran has agreed to supply the Petroleum Authority of Thailand with 1.95mnbarrels of crude oil for the period September to December at a price below spotmarket levels. The arrangement is designed to offset the 20,000 b/d Thailand wasimporting from Kuwait before the Gulf crisis. Thai officials have not disclosedthe value of the deal, saying they had agreed to a "friendship price"with Iran. Purchase of the remainder...