Conoco Chairman on Secretary Albright's Iran Speech.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--March 20, 2000 Conoco (NYSE NYSE See: New York Stock Exchange :COCA) (NYSE:COCB) Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Archie W. Dunham today issued the following statement in response to the Clinton Administration's lifting of some trade sanctions Trade sanctions are trade penalties imposed by one or more countries on one or more other countries. Typically the sanctions take the form of import tariffs (duties), licensing schemes or other administrative hurdles. toward Iran: "There is more to the Administration's actions taken last week regarding relations with Iran than the lifting of prohibitions against the importation of luxury items into the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "Secretary Albright's March 17 speech to the American-Iranian Council was generous, holding out the prospect for increased efforts to solve legal issues between our two nations and for easing processes that govern people-to-people contacts in Iran and the United States. These are much broader and potentially more significant positive steps than the importation of luxury goods. "Importantly, Secretary Albright also stated that the Clinton Administration Noun 1. Clinton administration - the executive under President Clinton executive - persons who administer the law is prepared to move rapidly toward removing the barriers that prevent rapprochement. "My hope is that Iran will respond during the next few months with an agreement to conduct government-to-government negotiations. I'm confident that the issues separating our two great nations are resolvable through meaningful, face-to-face negotiations." Conoco (NYSE:COCA) (NYSE:COCB) is a U.S.-based, major integrated energy company active in more than 40 countries. |
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