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Iran and Ashland Oil sign downstream oil agreement
Iran signs a 90-50 plant oil deal with Ashland Oil to share in producing refining and marketing oil from wells to pumps. The Shah says the pact ensures stable supplies and could counter Arab supply pressures while planning further fighter jet purchases. He expects 100 000 to 200 000 barrels daily from the arrangement and stresses Iran’s rapid development and regional ambitions.
MENTIONED IN THIS ARTICLE
Washington Post Wire
Washington
Iran
Ashland Oil, Inc
Shah Mohammed Riza Pahlevi
United States
Blair House
Nixon
Air Force
Andrews Air Force Base
Maryland
Persian Gulf
Ashland Oil
Shah
Tehran
Orin E. Atkins
Ashland
Watergate
Archibald Cox
U.S
Fortune Magazine
Middle East
France
United Kingdom
Germany
Britain
Scandinavian
Iraq