Bulgaria to Buy Iranian Crude and Fuel Oil with World Bank Loan
Bulgaria will use the entire first tranche of a $250mn World Bank Loan to buycrude and fuel oil, primarily from Iran, according to bank officials inWashington. The first $150mn tranche will cover October, November and Decembershipments of oil and products. Seven shipments worth $50mn and consisting ofmostly Iranian crude were contracted for October by the Bulgarian state tradingfirm Chimimport. The...