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Department of State announces seven further country waivers on petroleum transactions with Iran

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • June 18 2012

On June 11, 2012, President Obama issued a new determination under Section 1245(d)(4) of the National Defense Authorization Act for Fiscal Year 2012 (NDAA) that a “sufficient supply” of petroleum and petroleum products from countries other than Iran continues to exist