VOL. XXXII

NO. 43

31-JULY-1989

IRAN

Hague Tribunal Awards Fluor $43mn

The National Iranian Oil Company (NIOC) has paid Fluor Corporation of theUS $43mn in settlement of the claim filed by Fluor with the US-Iran ClaimsTribunal in the Hague in 1982. According to Fluor, the award by the Tribunalcovers engineering and construction projects halted by the revolution in 1979,including the Isfahan refinery, which was 90% complete when Fluor was forced toevacuate its personnel. The settlement of Fluor's...