NO. 3



Iran and USSR Agree on Crude for Products Exchange

Iran and the Soviet Union are planning a crude for products exchange dealunder which Iran will supply some 100,000 b/d of crude oil to the USSR andreceive in return 40,000 b/d of Soviet refined products as well as Sovietindustrial equipment and services. The deal was announced by Iran's OilMinister, Mr. Gholamreza Aghazadeh, on his return to Tehran on 17 October from athree-day visit to Moscow. He said that the...