No. 12



Bush Administration Renews Executive Order Against Iran

US President George Bush on 13 March renewed an executive order barring US involvement in the development of Iranian petroleum resources which was due to expire on 15 March. Executive Order 12957 of 15 March 1995 was the first of the sanctions imposed by Washington on trade with Iran, and was enacted to prevent Conoco from accepting the operatorship of the Sirri A and E oilfields from the National Iranian...