VOL. XXXVIII

NO. 32

8-MAY-1995

Iran

Iran To Propose Non-Dollar Pricing For Oil At Next OPEC Meeting

Iranian Oil Minister Gholamreza Aghazadeh said last week that he plans topropose to the next OPEC conference on 19 June a plan to trade oil priced incurrencies other than the US dollar. Mr. Aghazadeh told a press conferenceduring a visit to Ankara on 4 May that "the US dollar has weakened to agreat extent. Its condition is not good enough in the international markets andit is working to the...