VOL. XLVI
No 12
24-March-2003
IRAN
US Renews Executive Order Against Iran
President George W Bush on 12 March renewed an executive order preventing US investment in Iranian petroleum industry development. The order was first imposed on 15 March 1995 by former President Bill Clinton, and was enacted to prevent Conoco from taking on the development of the Sirri A and E fields under a buyback contract with the National Iranian Oil Company (NIOC). TotalFinaElf subsequently became operator of the...
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