CONOCO: U.S. KILLED IRANIAN DEAL AT LAST MINUTE
Conoco Inc. says although it regularly briefed U.S. officials on its negotiations to develop two Iranian oil fields, the Clinton administration objected to the deal only at the last minute. The administration decided to forbid Conoco from using a Dutch subsidiary to develop two oil fields off Iran's Sirri Island in the Persian Gulf (OGJ, Mar. 20, p. 38).