VOL. XLI
No. 45
9-November-1998
FSU/IRAN
US Rejects Caspian Oil Swap Application With Iran, Sees Detriment ToPipelines
The US Treasury Departments Office of Foreign Asset Control(OFAC) on 5 November rejected an application by a Texas-based trading company to swapKazak crude for Iranian crude oil that would be lifted in the Gulf. The application wasmade by Optimarket Inc. of Irving, Texas, and its rejection bodes ill for Mobil Corp.which has also applied for US Government permission to engage in...
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