VOL. XLIV

No. 28

9-July-2001

IRAN/LIBYA

US To Investigate Enis Darquain Project For ILSA Violations

The US State Department has threatened to investigate Irans award of the Darquain field development project to Italys Eni for potentially violating the Iran-Libya Sanctions Act (ILSA) of 1996, which attempts to prevent non-US companies investing more than $20mn/year in Iran or Libya. The US Congress is currently debating proposals for renewal of ILSA for five years when it lapses on 5 August,...