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NEWS
June 12, 1991 | PATRICK LEE, TIMES STAFF WRITER
Signaling a possible break in the economic isolation of Iran, the U.S. Treasury Department has issued the first license to import oil from the Islamic republic since Congress imposed sweeping trade sanctions in 1987. The license was granted this week to the Coastal Corp., a Houston-based energy firm whose controversial chairman, Oscar Wyatt, has long maintained ties with Iran, Iraq and other oil-rich nations that have been shunned by the West. Coastal confirmed receipt of the license Tuesday.
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NEWS
February 25, 2001 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Defenders of fugitive billionaire Marc Rich for years have portrayed his 1983 indictment as the relic of long-discredited regulatory policies and of a young federal prosecutor's ruthless ambition. True, the regulations landed on the scrap heap and the prosecutor, Rudolph W. Giuliani, vaulted to national prominence as mayor of New York. But the actual case against Rich, on analysis, appeared to have lost little of its strength over the years.
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BUSINESS
February 27, 1988 | Associated Press
A group affiliated with consumer advocate Ralph Nader said Friday that the United States imported 6.4 million barrels of crude oil from Iran after President Reagan banned trade with that country. The Customs Service, however, said it believed that the oil was legal because it had been contracted for or was on the way when the President acted, but the agency said it could not immediately locate the documents to prove it. The oil came through U.S.
BUSINESS
March 7, 1995 | Times Staff and Wire Reports
Conoco Signs Oil Deal With Iran: The company said it has made a deal with the National Iranian Oil Co. to jointly develop huge offshore oil fields in the Persian Gulf. It is the first energy agreement involving Iran and the United States since Washington severed relations in 1980, the New York Times reported in early editions today.
NEWS
August 13, 1987 | DONALD WOUTAT, Times Staff Writer
It is one of the many ironies of the relationship between the United States and Iran that 1.8 million barrels of Iranian crude oil sit at the ready in the U.S. Strategic Petroleum Reserve in Louisiana. Congress created the reserve to protect the United States in case of a cutoff of oil from volatile places such as Iran. The managers of the reserve, under orders to make the best deal they can, bought a cargo of deeply discounted Iranian crude in 1982.
BUSINESS
March 7, 1995 | Times Staff and Wire Reports
Conoco Signs Oil Deal With Iran: The company said it has made a deal with the National Iranian Oil Co. to jointly develop huge offshore oil fields in the Persian Gulf. It is the first energy agreement involving Iran and the United States since Washington severed relations in 1980, the New York Times reported in early editions today.
BUSINESS
August 19, 1992 | From Associated Press
Iran has agreed to pay Atlantic Richfield Co. and another U.S. oil company $130 million each to end a decade-long dispute over oil production rights in the Persian Gulf, the companies said Tuesday. Sun Co. and Arco claimed that the Iranian government had seized their offshore oil field after the 1979 Islamic revolution that toppled Shah Mohammed Reza Pahlavi. Under the agreement, the companies would not be allowed to return to Iran, Sun spokesman Bud Davis said.
NEWS
August 10, 1990 | NICK B. WILLIAMS Jr., TIMES STAFF WRITER
Iraq's Saddam Hussein is no military mastermind. He makes a few political bluffs and then hammers straight for his objective. But he is shrewd enough to watch his flanks, and last week he invaded Kuwait apparently confident that Iran and Syria, the enemies on his borders, would not take the opportunity to strike at him. The Iraqi strongman won the first trick, but not without possible cost.
NEWS
February 24, 1990 | Reuters
The governments of Turkey and Iran plan more talks soon on natural gas and oil pipeline projects, State Minister Gunes Taner said Friday. "We have reached (tentative) agreement on a natural gas and an oil pipeline from Iran to third countries through Turkey," Taner told the semi-official Anatolian News Agency.
BUSINESS
June 19, 1991 | From Times Staff and Wire Reports
Chevron Gets OK to Import Iranian Oil: The San Francisco-based oil company says it has received approval from the Treasury Department to import Iranian crude oil the United States, making it the second U.S. firm to renew imports from Iran. Chevron would not comment on the size of its cargo from National Iranian Oil Co. Proceeds from the sales will go into a special fund at the Hague for the settlement of accounts between the United States and Iran.
BUSINESS
February 16, 1994 | From Times Staff and Wire Reports
Iranian Oil Minister Gholamreza Aghazadeh said that a recently discovered field near the southern port of Bushehr contains vast supplies of natural gas. "The first well dug indicates at least 20 trillion cubic feet of natural gas" lies under the field, the Iranian news agency IRNA quoted him as saying. Meanwhile, Iran's deputy oil minister, Habib Aminfar, said construction of the $1.
NEWS
March 30, 1993 | Reuters
The United States said Monday it has evidence that Iraq has violated U.N. sanctions by shipping an unspecified amount of oil to Iran. "We can confirm a shipment of oil from Iraq to Iran," State Department spokesman Richard Boucher said. He gave no more details, but the Washington Post has said that intelligence reports indicate the shipment involved dozens of tanker trucks.
BUSINESS
August 19, 1992 | From Associated Press
Iran has agreed to pay Atlantic Richfield Co. and another U.S. oil company $130 million each to end a decade-long dispute over oil production rights in the Persian Gulf, the companies said Tuesday. Sun Co. and Arco claimed that the Iranian government had seized their offshore oil field after the 1979 Islamic revolution that toppled Shah Mohammed Reza Pahlavi. Under the agreement, the companies would not be allowed to return to Iran, Sun spokesman Bud Davis said.
BUSINESS
June 19, 1991 | From Times Staff and Wire Reports
Chevron Gets OK to Import Iranian Oil: The San Francisco-based oil company says it has received approval from the Treasury Department to import Iranian crude oil the United States, making it the second U.S. firm to renew imports from Iran. Chevron would not comment on the size of its cargo from National Iranian Oil Co. Proceeds from the sales will go into a special fund at the Hague for the settlement of accounts between the United States and Iran.
NEWS
June 12, 1991 | PATRICK LEE, TIMES STAFF WRITER
Signaling a possible break in the economic isolation of Iran, the U.S. Treasury Department has issued the first license to import oil from the Islamic republic since Congress imposed sweeping trade sanctions in 1987. The license was granted this week to the Coastal Corp., a Houston-based energy firm whose controversial chairman, Oscar Wyatt, has long maintained ties with Iran, Iraq and other oil-rich nations that have been shunned by the West. Coastal confirmed receipt of the license Tuesday.
BUSINESS
May 29, 1991 | From Associated Press
Several U.S. oil companies are discussing the purchase of Iranian crude oil for sale in the United States for the first time in more than four years, a senior official of the National Iranian Oil Co. said Tuesday. The remarks by the official came during an international oil conference in Isfahan. It followed a weekend report in the Middle East Economic Survey newsletter that said Iran had recently sold some Iranian oil to U.S. companies for American destinations.
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