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,...
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