VOL. XXXII

NO.34

29-MAY-1989

IRAN

Iran to Supply 20,000 b/d to North Korea

North Korea is to import one million tons of Iranian crude annually (20,000b/d) under an agreement signed during President 'Ali Khamene'i's recent visit toPyongyang which will double the volume of trade between the two countries to$500mn over the next year. In return the Koreans will supply Iran with trawlers,machine tool plants and steel.