NO. 49


Saudi Arabia

Iran, South Africa Sign First Part Of Crude Oil Storage-Trading Deal

While the first portion of the much delayed storage-cum-trading deal betweenIran's NIOC and South Africa's Strategic Fuels Fund (SFF) has been concluded, anumber of hurdles still need to be overcome before the first barrels of Iraniancrude can be accepted under the arrangement. The initial contract, which wassigned in Tehran on 31 August, covers the 15 million barrels worth of...