VOL.XXXVIII

NO.28

10-April-1995

CIS

AzerbaijanConsortium Vetoes Iranian Participation As A Result of New US Measures

Iran'sparticipation in the Azerbaijan International Operating Company (AIOC) has beenvetoed by the consortium's American partners, following the Executive Orderissued by US President Bill Clinton banning US firms from taking part in oil andgas projects that may benefit Iran (MEES, 20 March).Azerbaijan's state-owned oil company, Socar, announced last November that itwould cede a...