VOL. XLI

No. 38

21-September-1998

IRAN

Temporary Suspension In Line For Caspian Swap Deals As Winter Approaches

Suspension of two swap arrangements currently underway with producers in Turkmenistanis likely to occur within the next month or so following the first significant snowfall inthe mountains above Iran's Caspian sea port of Neka. The two accords, which have been ineffect with the UK company Monument and Dragon Oil of Ireland since late July, will almostcertainly be suspended for the...