Middle East Economic Survey

VOL. XLVII

No 32

09-August-2004

IRAN

Statoils Horton Dealings In Iran To Be Investigated By US Authorities

Statoils contract with the Iranian-owned Horton Investment, for which the state firm was recently fined by the Norwegian government, is to be investigated by the US Department of Justice. Statoil said on 29 July that it had been informed by the US Department of Justice (DoJ) that it will conduct a criminal investigation of the Horton matter. This will be done...