VOL. XXXVIII

NO. 25

20-MARCH-1995

Iran

Conoco Backs Out Of Iran Deal Under US Government Orders

Years of negotiation and a lot of hard work on the part of Conoco and NIOCcame to nothing last week when the Clinton Administration issued an ExecutiveOrder prohibiting US companies and their foreign affiliates from participatingin oil and gas development projects in Iran (see below for the text of theExecutive Order). The storm clouds were already gathering when the Conoco-NIOCdeal for the development...