VOL.XXXVIII

NO.5

31-OCTOBER-1994

Iran

Prospects For Iran-South African Crude Oil Storage Deal Brighten

While talks between Iran's NIOC and South Africa's Strategic Fuels Fund (SFF),the agency charged with managing the country's huge strategic stockpile,regarding the possible storage of Iranian crude oil at a vast undergroundstorage site situated near Cape Town have been underway for some months now, theprospects for an eventual agreement have turned decidedly brighter followinghigh-level bilateral...