Although American sanctions,approved by President George W.Bush on 11 May,exclude the activities of U.S.oil companies,the spokesman for Occidental Petroleum (Oxy),Mr.Larry Meriage,asserted that the company would be prepared to sell its interest in the Palmyrides gas project if it violated U.S.sanctions."Our position has always been quite clear:we follow the law,and if sanctions are imposed that would preclude us from moving forward with our participation in this project,then we would act accordingly," he said.Tlie White House had earlier indicated that President Bush might impose additional sanctions if Syria did not cooperate in U.S.efforts to stabilize the situation in Iraq.
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