VOL. XXXIX

No. 3

16-October-1995

IRAN

Environmental Hurdles Delay Iran-South Africa Storage Deal

The long awaited storage-cum-trading accord between Iran's NIOC and South Africa's Strategic Fuels Fund (SFF) has once again run into trouble. This time, however, it is not disagreement over commercial or operational terms which threatens to derail the deal. Rather, completion of a definitive arrangement between the two sides is now being held up by what promises to be a long and arduous...