VOL. XXXIX

No. 15

8-January-1996

IRAN

Iran And Russia Agree To Set Up Joint Oil Companies

Iranian Oil Minister Gholamreza Aghazadeh and Russian Deputy Prime Minister Oleg Davydov agreed in principle on 28 December for their countries to establish joint oil exploration and development companies and pledged to cooperate in general on the subject of oil and gas. Mr. Davydov, who arrived in Tehran for a three-day visit on 27 December, also had talks with Iranian officials and concluded his...