IRAN

Iran Offers Japanese Buyers 50% Trade Linkage for Oil Purchases 

MEES understands that Iran's NIOC is now offering Japan customers a deal whereby 50% of the value of the latter's purchases of Iranian oil would be offset by Iranian imports of Japanese goods and services. Previous arrangements of this kind - particularly one negotiated late last year (MEES, 26 November 1984) - broke down because of Iran's insistence that the bulk of the oil sales qualifying for the...