ITALY'S TRADE DEAL WITH IRAN

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85T00875R001900030051-9
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 4
• Document Creation Date: December 20, 2016
• Document Release Date: August 17, 2005
• Sequence Number: 51
• Publication Date: August 14, 1974
• Content Type: MF

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Approved For Release 2005/12/14 :CIA-RDP85T00875R001900030051-9
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CENTRAL INTELLIGENCE AGENCY
WASHINGTON, D.C. 20505
C/004/ ef
--01039-2- 7Y
14 August 1974
MEMORANDUM FOR: Ms. Kay Thompson
Developing Nations Division
Office of Trade Policy
Department of Commerce
SUBJECT : Italy's Trade Deal With Iran
e
1. Attached is the information you requested on 13 August
concerning Italy's recent trade deal with Iran.
3, If you have
any further questions,
please call Ms.
Attachment: a/s
Distribution:
S-6392
Original
+ 1 - Addressee
1 - D/OER
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CONFIDENTIAL
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Approved For Release 2005/12/14 CIA=RDD' T_d751
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 ~HULI`J AL
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ITALY'S TRADE DEAL WITH IRAN
steel mill and'its related infrastructure.
in construction of the joint ventures. Italy will support
Iranian interests in Iran's negotiations with the EC as
part of the deal.
The agreement calls for the industrial development of
the Bandar Abbas region of Iran through construction of
a steel plant and supporting infrastructure. The develop-
ment plans calls for:
? a mixed Italian-Iranian planning/consulting company,
to operate on a world-wide basis, which will
initially undertake the complete planning for a
yet fully worked out by the signatories of the agreement,
Nisic (an Iranian state agency) and Finsider (a wholly
state-owned Italian holding company) . For instance, the
relative shares of investment in joint ventures will be
decided on a project by project basis.'
Oil is not specifically mentioned in the agreement.
Possibly, Iran will use some of its oil surplus for
prepayment of Italian technical expertise and goods used
In June of 1974, Italy and Iran signed an agreement
that would result in joint investments in Iran of about $3
billion if fully implemented. Details of the plan are not
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 ? a rolled steel plant with a 3 million ton capacity.
? the opening and operation of an iron ore mine.
? the construction of a railroad from the mine to the
steel. mill.
? thc. construction of a gas pipeline to serve the
regional industrial complex.
o the construction of a 500 megawatt gas-fired
electrical generating plant.
o the construction of a desalinization plant that
would process 2,500 cubic meters of water per hour.
? a shipyard for ships up to 250 thousand tons
o the construction of a city designed for 80,000
inhabitants.
CIA/OER
14 August 1974
CONFIDFNTIAI
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