VOL. XXXVIII

NO. 38

19-JUNE-1995

Iran

Talks On South African Crude Oil Storage Progress, But No Deal Yet

Although negotiations between Iran's NIOC and South Africa's Strategic FuelFund (SFF) regarding the storage of Iranian crude at the huge undergroundstorage site at Saldanha Bay near Cape Town have reached an advanced stage, anumber of outstanding issues remain to be resolved before a final agreement canbe concluded. The two sides completed a recent series of negotiations late lastmonth (MEES,...