VOL. XXXIX No. 58 4-November-1996IRAN

Iran's Debt To Romania To Be Settled In Crude Oil Romanian Prime Minister Nicolae Vacaroiu said last week that his country will import Iranian oil products to settle some $50mn in outstanding debt owed by Iran. Mr. Vacaroiu added that for this purpose an agreement had been signed for the import of 150,000 tons of crude oil and 150,000 tons of fuel oil within the next 12 months. Romania will also process 3mn tons/year of Iranian crude in Romanian...