IRAN

Iran and USSR Discuss Using IGAT 1 for Oil Exports; Iran Envisages $2-3/B OPEC Price Increase

Iran and the USSR are discussing a plan to convert the 670-mile IGAT 1 gas pipeline from Iran's Khuzestan oil fields to Astara on the Soviet frontier into an oil pipeline to be used for exports of Iranian crude, according to Iranian Oil Minister Gholamreza Aghazadeh. Speaking on Tehran radio on 8 August? Mr. Aghazadeh said that the plan would entail pumping 700,000 b/d of oil to Baku on...