VOL. XXXVIII

NO. 43

24-JULY-1995

Iran

Iran-South Africa Crude Oil Storage Deal Imminent

After twelve months of sporadic negotiations, finalization of a joint venturetrading agreement between NIOC and South Africa's Strategic Fuel Fund (SFF)which would give Iran access to storage space at SFF's huge underground storagesite at Saldanha Bay near Cape Town is now being characterized by South Africanofficials as "imminent." The Saldanha Bay facility consists of sixstorage tanks each with capacity of...