CONOCO TO ENTER CZECH RETAIL PRODUCTS MARKET

Conoco Inc. will enter the Czechoslovakian refined products retail market through an agreement with Benzina, the Czech republic's state owned monopoly distributor and retailer. Conoco will lease and operate 13 service stations throughout the Czech republic and holds an option to buy the stations once privatization of Benzina's network is complete. Benzina plans to sell most of its 700 service stations. In the first phase of privatization it will lease, then sell half its outlets to

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