VOL. XLII

No. 20

17-May-1999

IRAN

Irans Economy Gets A Breather But No Long Term Respite SaysPetro Finance

Higher oil prices have given the Iranian economy a breather,according to the Petroleum Finance Companys latest report, but Iran stillfaces a heavy debt repayment burden, a current account deficit and long-termreform pressure. In the April edition of Trade and Finance, PetroFinance says that although the Iranian economy can expect to enjoy crude oilprices trading within the range of $15-$17/B...