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...