World Tribune.com

Pentagon to blacklist European firms that invested in Iraqi energy

SPECIAL TO WORLD TRIBUNE.COM
Tuesday, April 2, 2003

LONDON The U.S. Defense Department plans to reject numerous non-U.S. companies from participating in the reconstruction of Iraq.

Western diplomatic sources said the Pentagon plans to enforce guidelines that bar many European companies from bidding on multi-billion projects in Iraq, particularly those in the energy sector. The guidelines will reject any company that has invested in Iran's energy sector.

The Iran-Libya Sanctions Act calls for a U.S. government boycott on any company that invests more than $20 million a year in the energy sector of either Iran or Libya. A range of French and other European companies have been classified as violating the U.S. law.

The companies include the French TotalFinaElf of France, Britain's Royal Dutch Shell Eni of Italy.

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