Norsk Hydro Suspends Operations in Iran

As a precautionary measure, Norsk Hydro has decided to halt operations at an exploratory well in Iran that is on the western border with Iraq. The well is located in the Anaran field. The company will evacuate all personnel from the well and its campsite until further notice due to U.S. Military action against Saddam Hussein. Iranian military will provide security for the well and surrounding campsite. The Anaran field is estimated to hold approximately 2.5 billion barrels of oil.