VOL. XXXVIII

NO. 22

27-FEBRUARY-1995

Iran

Iran Evaluates Crude Swap Arrangements With Caspian Sea Producers

If - and it is a big if - political roadblocks in Washington can be overcome(see lead story) Iran's northernmost product refining and distribution systemmay indeed hold the key to solving the problem of obtaining an export outlet forthe first production increment from the three Caspian Sea oilfields currentlyslated for development by the 10-member Azerbaijan International OperatingCompany...