VOL. XLII

No 44

1-November-1999

FSU

Conoco Closes Office In Baku

The Houston-based energy company Conoco announced on 21October that it will close the office of its Conoco Khazar Ltd. unit inAzerbaijan. Conoco cited a lack of progress between itself and the State OilCompany of Azerbaijan (Socar) on a project to improve oil and natural gasrecovery from the offshore Guneshli field. In a statement released by Conoco,company Chairman and CEO Archie W. Dunham said: "We wish the AzerbaijanGovernment...