IRAN

Pakistan and Iran Renew Oil Countertrade 

Agreement Pakistan and Iran have renewed their $200mn countertrade deal involving the annual exchange of 20,000 b/d of Iranian crude and other non-oil Iranian products for Pakistani wheat, rice and textiles. The Pakistani Finance Minister, Mr. Yaseen Wattoo, told a press conference in Islamabad on 3 September that the price of the crude had not yet been agreed on, but would be decided along with other details of the agreement in the next...