VOL. XXXVII

NO. 43

25-JULY-1994

Iran

Iran To Sell Crude To Bulgarian Refinery

The National Iranian Oil Company (NIOC) has announced that it will sell 1.5mntons (30,000 b/d) of crude oil to Bulgaria's Bourgas refinery during the next 12months. The first delivery of about 150,000 tons is scheduled for October.This is Bulgaria's first direct deal with NIOC, previous purchases of Iraniancrude having been carried out through traders. The deal with Iran is part of aBulgarian plan to reduce its...