Conoco Open to E&P in Iraq and Iran; If Safety Improves

ConocoPhillips Chief Executive Jim Mulva stated that the company is interested in doing business in Iraq and Iran, as long as security concerns and political issues are resolved.

"To the extent that we have security, we'd like to be doing things in Iraq," he said, reported Dow Jones, in a conference call on Jan. 23. "To the extent that … sanctions get lifted and better political relations (exist), we seriously would like to take a look at Iran.

Mulva expanded the company's future reach, including Kuwait as a potential geographic locale for the company to conduct business.

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