VOL. XXXI

NO. 29

25-APRIL-1988

IRAN-SYRIA

Syria to Pay Market Prices for Iranian Contract Oil

Syria and Iran have renewed for another year the crude oil supply agreementwhich expired at the end of March. Under the new agreement, concluded during thevisit of Syrian Oil Minister Mtanios Habib to Tehran earlier this month, Iranwill again supply Syria with 1mn tons (20,000 b/d) of "free oil" thisyear and an unspecified quantity of "contract oil" at market prices.The latter represents a departure from...