VOL. XXXV
NO. 47
24-AUGUST-1992
Iran
Iran Settles Claims with Arco and Sun Oil Companies
Iran has agreed to pay Atlantic Richfield Company (Arco) and Sun Company Inc.$130.45mn each for losses the two US oil firms suffered following the 1979Iranian revolution, it was announced on 18 August. The agreement, which settlesthe last major oil-related claim at the Iran-US Claims Tribunal in The Hague,was reached on 14 August between representatives of Iran, Arco and Sun withoutthe official arbitration of...
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