Israel oil firm ordered to pay Iran $1.1 bn: Tehran
A Swiss court has ordered an Israeli oil firm to pay Iran $1.1 billion in compensation over a joint venture from before the 1979 Islamic revolution. (File photo: Reuters)/ A Swiss court has ordered an Israeli oil firm to pay Iran $1.1 billion in compensation over a joint venture from before the 1979 Islamic revolution, state news agency IRNA said Thursday. A judicial official quoted by IRNA said Tao, an Israeli firm registered in Panama, was ordered this month to pay the compensation to the National Iranian Oil Company (NIOC), in a legal ...
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