IRAN

Volvo to Lift Iranian Crude 

The Swedish Volvo group is to purchase Iranian oil worth $250mn in 1985 under an agreement signed on 22 February. Commenting on the deal, the Iranian Deputy Foreign Minister, Mr. Hussein Kazempour Ardebili, said in Stockholm on 25 February that it would raise the value of Sweden's purchases of Iranian crude in 1985 to $400mn, and that his discussions with Swedish officials had covered ways of striking a balance in trade relations between the two...