VOL. XL

No. 40

6-October-1997

IRAN

Total-Iran Gas Development Deal Represents First Real Test Of USResolve On Extraterritorial ILSA Sanctions

With the signature on 28 September of its landmark deal with the National Iranian Oilcompany (NIOC) for the development of the offshore South Pars gas field, the French oilgroup Total is posing the first real challenge to the US legislation providing forextraterritorial sanctions against non-US companies which invest in oil and gas projectsin Iran or...