VOL. XXXII
NO. 41
17-JULY-1989
IRAN
Hague Tribunal Awards Phillips $110mn for Iminoco Expropriation
The Iran-US Claims Tribunal in the Hague - which was set up under the Algiersagreement of 1981 to arbitrate the settlement of government and commercialfinancial claims and counter-claims - has awarded some $110mn to PhillipsPetroleum of the US as compensation for the expropriation of its share in theIran Marine International Oil Company (IMINOCO), an offshore joint-venture owned50% by the National...
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