IRAN

Pakistan Renegotiates Price of Iranian Crude

Pakistan is renegotiating the price terms of the one-year countertrade deal it signed last year with Iran involving imports of 20,000 b/d of Iranian Light crude (MEES, 9 September 1985), according to Pakistani Petroleum Minister Hanif Tayyab. Mr. Tayyab told the National Assembly on 1 June that "the official Iranian price is subject to a discount which cannot be disclosed due to the secrecy of the agreement and is presently under...