From: sehari@iastate.edu (Babak Sehari)
Subject: News about Iran.
Originator: sehari@vincent1.iastate.edu
Organization: Iowa State University of Science and Technology, Ames, Iowa.
Date: Wed, 19 Aug 1992 05:38:31 GMT

---
08/18 (DJ) Iran Pledges Support For All UN Resolutions On Kuwait
 
    NICOSIA -AP- Iran's President Hashemi Rafsanjani today pledged
Tehran's support for the implementation of all United Nations
resolutions on Kuwait, the Islamic Republic News Agency reported.
    The agency, monitored here, said his comments came in a meeting in
Tehran with Kuwait's interior minister, Ahmed Hammoud al-Jaber al-Sabah.
 He added that Iran ''in no way accepts any changes in borders or
aggression on countries,'' and said Persian Gulf countries should
cooperate to ensure lasting peace and stability.
    Rafsanjani has been trying to mend bridges with the West and its
Arab allies in the region, part of an effort to attract badly needed
investment to Iran.
    12:12 PM
                                 -END-
------------------------------------------------------------------------
08/18 (DJ) Sun, ARCO - Settlements -2-: Natl Iranian Oil To Pay
 
    PHILADELPHIA -DJ- Sun Co. (SUN) said that a settlement agreement was
executed on Friday settling all disputes with the Government of Iran and
the National Iranian Oil Co. arising out of the expropriation of oil
production interests in Iran after the Iranian revolution.
    The settlement, which is subject to the approval of the Iran-U.S.
Claims Tribunal, requires Iran to make a net payment of $130,450,000 out
of the Security Account established pursuant to the 1981 Algiers
Accords.  It resolves claims and counterclaims raised by Sun in
proceedings before the Iran-U.S. Claims Tribunal on behalf of Sun
International Ltd. and Iranian Sun Oil Co., both subsidiaries of Sun Co.
    In a press statement, Sun Senior Vice President Robert H. Writz Jr.
said the payment will be made in the fourth quarter and will have a
positive net after-tax impact on income of about $115 million.
    Separately, Atlantic Richfield Co. (ARC) also said it has signed a
settlement agreement resolving disputes with the Islamic Republic of
Iran and the National Iranian Oil.
    Its settlement, also reached Aug. 14 at The Hague, requires payment
to ARCO of $130,450,000. Payment is expected during the fourth quarter
of 1992, the company said in a press statement.
    The dispute revolved around interests held by ARCO and its
subsidiary, ARCO Exploration Inc., in offshore oil operations of the
Lavan Petroleum Co. in Iran.
     8:57 AM
                                 -END-
------------------------------------------------------------------------
08/18 (DJ) Report U.K., France, U.S. To Propose Iraqi 'Exclusion Zone'
 
    LONDON -AP- Britain, France and the U.S. will propose an ''exclusion
zone'' to stop air attacks on Shiite Muslims in southern Iraq, a U.K.
government source was quoted as saying.
    After a 5 1/2-hour meeting between Prime Minister John Major and his
Cabinet, Channel 4 news said a Downing Street source confirmed an
exclusion zone will be proposed.
    The source was quoted as saying: ''We intend to ground the Iraqi air
force.  If we find a plane in the air, we will shoot it down.''
    Channel 4 also quoted the source as saying Britain would commit an
army battalion to escort aid columns in Bosnia-Herzegovina.
    The government official briefed reporters under ''lobby rules,''
which forbid identification of the briefer.
    Major took time out from his vacation in Spain to return for the
meeting.
     3:14 PM
                                 -END-
------------------------------------------------------------------------
 

Newsgroups: soc.culture.iranian