VOL. XXXIII

NO. 38

25-JUNE-1990

Iran

Amoco Awarded $600mn by Hague Tribunal

The Hague Tribunal, which was set up in 1981 to mediate between Iran andthe US on financial disputes arising out of the Iranian revolution, on 15 Juneannounced that it had awarded the US oil company Amoco $600mn - its largestaward so far - in settlement of two claims. Of this total, $540mn represents thesettlement of a $1.2bn claim filed against the National Iranian Oil Company (NIOC)by the Amoco subsidiary Amoco Iran for...