Burying The Hatchet In An Oil Field

To get production up again, Iran is looking to the West

Not long ago, American oilmen might have arrived in Iran with trepidation, fearful of attacks by anti-Western locals. But today, there's a new mood in Iran. At a three-day meeting in Isfahan in late May, the largest such international powwow since 1978, Iran threw open the door to the world's top oilmen, including many Americans. "The reception we're getting is just terrific," says Robert G. Reed III, CEO of Hawaii-based refiners Pacific Resources.

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