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- W109588105 abstract "Conoco (Houston), the oil and gas subsidiary of DuPont, has backed out of a deal to develop offshore oil fields for Iran as a result of a week of intense pressure from the Clinton Administration. Under the agreement, Conoco Iran, a Netherlands-based affiliate, would have developed two oil fields in the Persian Gulf. The deal, valued at $1 billion, would have been the first between Iran and a U.S. company since Washington severed relations with Teheran in 1980. Conoco says it operated within the law and with the knowledge of the U.S. government in the three years the deal was being negotiated. President Clinton announced an executive order barring such deals last Tuesday, after Conoco executives informed the Administration that the deal would be abandoned if an order was issued." @default.
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- W109588105 title "Ventures: Conoco abandons Iranian oil deal" @default.
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