London, Nov. 29, IRNA -- Conoco Chief Executive Archie Dunham
suggested Monday that U.S. Companies may have to wait until after
president Clinton's term finishes next year before being able to
invest in Iran's oil development.
"There is quiet diplomacy going on but it's hard to say when it
will be resolved," he said with regard to the campaign to remove U.S.
In an interview with petroleum Argus, Dunham said the bottom lines
was that progress was being made with the Clinton administration but
it "may take a new leader to come out and say let's put politics
behind and do what's best for both countries."
The chief executive, who has been an outspoken critic of U.S.
sanctions against Iran, has not been shy about wanting to put Iran in
conoco's upstream portfolio. "everyone we admire for their intellect
says it's bad policy," he said.
Dunham also serves on the influential U.S. National petroleum
council, advising the white house on long-term energy strategy, but
has been unsuccessful in four years of campaigning to change policy on