VOL. XXXVII

NO. 32

9-MAY-1994

Iran

Iran And Croatia Enter Oil-For-Ships Barter Deal

Croatian Prime Minister Nikica Valentic announced in Zagreb on 2 May that hiscountry and Iran have signed an agreement worth $120mn under which Iran willpurchase four ships from Croatia and pay for them with crude oil. Speaking at anews conference shortly after his return from a visit to Tehran, Mr. Valenticsaid the two countries are also negotiating two other barter deals involving 15ships worth $400mn. The...