Middle East Economic Survey
Iraq And Iran Sign Crude-For-Kerosene Preliminary Agreement
Iraq and Iran on 13 August signed a memorandum of understanding (MOU) under which Iran would receive crude oil from Iraq in return for kerosene. The agreement was signed in Tehran by Irans Minister of Petroleum Kazem Vaziri-Hamaneh and Iraqi Oil Minister Husain al-Shahristani. Mr Vaziri-Hamaneh told reporters that, under the agreement, Iran would receive up to 100,000 b/d of...