VOL. XXXII

NO. 32

15-MAY-1989

IRAN

Iran to Double Oil Exports to China to 40,000 b/d

Iran is to double its crude oil exports to China to 2mn tons/year (40,000b/d), the Iranian News Agency (IRNA) said on 12 May. The agreement to boostIranian crude exports was included in a number of letters of understandingsigned in Peking last week during President Ali Khamenei's visit to China. Thetwo countries also concluded a banking agreement which would facilitateexpansion of trade, as well as other...