Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: DoctorZIn
American firms 'seeking new Iran oil contracts'

16 February 2004
Gulf Daily News, Bahrain

Several American oil firms have voiced their interest in bidding for new oil contracts in Iran despite US sanctions designed to block foreign investment in the Islamic republic's petroleum sector, a top Iranian official was quoted as saying yesterday.

According to Mohammad Mohaddes, the head of the exploration division of the National Iranian Oil Company (NIOC), the unnamed US firms expressed interest in tenders for 16 recently discovered oil blocks during a commercial forum last month in the Netherlands.

"At the forum, the frameworks of the contracts as well as technical and financial issues and execution of seismological surveys and drilling by the contractors were outlined," he was quoted as saying by the state news agency Irna.

"There is no problem on the side of Iran for the presence of American oil companies in these plans," he said, adding that firms had until until April 10 to buy tender documents and until July 10 to submit their bids for the 25-year contracts.

The 16 blocks are among 51 sites the country has discovered in recent years and intends to put out to tender.

But while US firms may be showing interest, few have been prepared to risk falling foul of Washington by investing in Iran.

In 1995, the then US president Bill Clinton prohibited US companies and their foreign subsidiaries from conducting business in Iran, and specifically any "contract for the financing of the development of petroleum resources located in Iran."

The US Iran-Libya Sanctions Act of 1996 imposes mandatory and discretionary sanctions on non-US companies investing more than $20 million annually in Iranian oil and gas.

http://www.gulf-daily-news.com/Articles.asp?Article=74244&Sn=BUSI
8 posted on 02/16/2004 12:32:43 AM PST by F14 Pilot (Either you are with us or you are with the REGIME)
[ Post Reply | Private Reply | To 6 | View Replies ]


To: DoctorZIn; McGavin999; freedom44; nuconvert; Eala; onyx; Pro-Bush; Valin; Pan_Yans Wife; seamole; ..
Change in Iran

Tullahoma News
February 12, 2004
TN Editorial

After two decades of iron-fisted rule by ultraconservative Islamic clerics, winds of change are blowing in Iran.
Despite Iran's being tagged as part of the "Axis of Evil," some Iranians are making the hard push toward democracy, as evidenced by the mass resignation of a third of the country's parliament on the 25th anniversary of the Islamic Revolution.

Many of the adults who were teens and children in 1979 have grown to understand how extremism has resulted in their country's lagging behind the world in economic growth and political influence. And thanks to outside influences such as the Internet and satellite television, young Iranians have come to realize that America and the West are not the "Great Satan" they were purported to be. It is the West's good fortune that many in the current generation of Iranians want to give democracy a try.

http://www.zwire.com/site/news.cfm?BRD=1614&dept_id=161055&newsid=10961246&PAG=461&rfi=9
---
Comment: The article shows that other Media's attention to Iran grow day by day.
9 posted on 02/16/2004 12:39:10 AM PST by F14 Pilot (Either you are with us or you are with the REGIME)
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson