Iran and Turkey Sign $3bn Trade Agreement
Iran and Turkey have agreed to raise the volume of their trade exchanges by $500mn to $3bn in 1986, following a four-day visit to Tehran by Turkish Prime Minister Turgut Ozal which ended on 8 January. According to press reports, the agreement includes a Turkish commitment to purchase 5mn tons of Iranian crude (100,000 b/d) during the year, with the amount variable by 20% either way. Turkish imports of Iranian oil totaled 4.6mn...
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