VOL. XXXII

NO. 45

14-AUGUST-1989

IRAN

Rafsanjani Says Domestic Gas Development Will Free 500,000-700,000 b/d ofOil for Export

Iran's new president, former Majlis speaker Hashemi Rafsanjani, hasindicated that the development of Iran's domestic gas distribution network overthe next five years could free an extra 500,000-700,000 b/d of oil - worth$2-3bn - for export. In a speech broadcast by Tehran radio on 20 July (prior tohis election), Mr. Rafsanjani described gas as "an extremely importantfield...