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Mobil calls for US-Iran rapprochement, criticizes sanctions policy

WASHINGTON, April 9 (AFP) - US oil giant Mobil on Friday urged reconciliation between the United States and Iran and appealed for an easing in US sanctions against investment in the Iranian oil industry.

"US-Iran rapprochement would go a long way to bolster regional harmony," the company said in an advertising message that appeared in the Washington Post.

It also called for approval by the US administration of grain sales to Tehran, which it said would benefit US farmers and Iranian consumers and would amount to a gesture in support of recent changes in Iran.

President Mohammad Khatami's election two years ago "signaled an opportunity for a new openness with the West," according to Mobil.

"The forces of openness and democracy in Iran are continuing: witness its recent local elections where moderates scored big gains."

Mobil, which stressed its eagerness to operate in the Middle East and Asia, charged that US sanctions against foreign companies doing business in Iran "are ineffective, harm innocent citizens ... cost American companies sales and jobs and frustrate our allies."

Accusing Iran of fomenting terrorism, the US Congress in 1996 approved legislation that authorizes sanctions against companies -- both US and foreign -- that invest more than 20 million dollars in the Iranian oil sector.

So far French, Canadian, Italian, Russian and Malaysian firms have flouted the law and invested in the Iranian oil industry, drawing sharp criticism from Washington but no actual sanctions.

The latest move to challenge the law came on Sunday when Elf Aquitaine of France and Bow Valley of Canada announced a 300 million-dollar contract to develop an oil deposit in the Gulf.

"Maintaining sanctions on Iran while foreign companies can invest there with no restrictions not only puts US companies on the sidelines but, more importantly, weakens America's foreign policy in the region," Mobil said its advertisement.

The company proposed several commercial steps that could improve ties with Tehran, namely limited oil swaps, a waiver for US companies to use Iranian equipment in the Caspian region and permission to negotiate deals with Iran contingent on a removal of the sanctions.

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