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Conoco executives might have recognized the Administration's concerns sooner if contacts between the company and Washington had been more high-level and open from the start. Conoco discussed the Iranian deal only with midrank diplomats at U.S. outposts in Dubai, Kuwait and London, as well as in Washington, repeatedly since 1991--including four times in the past 18 months. Nor did State policymakers ever say they flatly opposed the Iranian negotiations. Michael Stinson, who headed the Conoco project, told Congress last week that "the typical response was, 'The U.S. would prefer that you not do this deal...

Author: /time Magazine | Title: DOWN GOES THE DEAL | 3/27/1995 | See Source »

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