VOL. XXXVII

NO. 3

18-OCTOBER-1993

Iran

Iran Says Credit Terms Agreed For South Korean Oil Tankers

Iran's Foreign Minister, Mr. Ali Akbar Velayati, said on 10 October that Iranhad agreed with South Korea on credit facilities for the purchase of several oiltankers. Earlier in the year it was reported that Iran's National Iranian TankerCompany (NITC) was negotiating the purchase of five 300,000 dwt VLCCs from SouthKorea's Daewoo Shipping and Heavy Machinery Company, but orders for the shipshad been...