VOL. XXXIV

NO. 7

19-NOVEMBER-1990

Iran

NIOC to Receive $13mn Settlement from Mobil Oil

The National Iranian Oil Company (NIOC) is to receive a $13mn settlement fromMobil Oil as a result of mediation conducted by the Hague Tribunal, a judicialbody established in 1981 to settle disputes between Iran and American firmsarising from the 1979 Iranian Revolution. The Tribunal was part of a deal whichfreed 52 American hostages held by Iranian militants for over a year in Tehran.The dispute between Iran...