IRAN

Statoil Claims Exemption From EU Sanctions

A spokesman for Norway’s Statoil announced on 25 January that the state oil company was exempted from the application of EU sanctions against Iran. “There is an exception under the sanctions for payments of debts related to previous contracts. They can continue doing the payments,” the spokesman noted, according to Press TV. Statoil was also exempted from a previous round of US sanctions on 30 September 2010 because it had...