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...
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