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...
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