Word: oilfields
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...similar difficulty exists in Khuzistan, center of the Iranian oil industry. The Khomeini regime has alienated the 2 million Shi'ite Arabs of Khuzistan, particularly the oilfield workers, who feel that their strikes made a significant contribution to the overthrow of the Shah. The Iranian oil industry also needs technocratic leadership, which the Ayatullah has been unable or unwilling to provide. The current oil minister, Ah' Akbar Moinfar, last week announced that he would suspend shipments to the U.S. "the moment we get orders from the Imam." In fact, no such order was issued, and U.S. companies said that there...
...million-a-year oilfield-equipment supplier called Houston Oilfield Material Co. back in 1962. Then Kenneally, an enterprising Minnesotan with an aristocratic manner and a flair for finance, became its president. Through a series of acquisitions, he quickly started transforming the company into a go-go builder of specialized agricultural and petroleum systems for Iron Curtain and Third World countries. By 1972 ISC was engaged in projects in 40 countries, and Kenneally was beginning to climb on the business jet-set circuit. Two years ago he and David Rockefeller, the Chase Manhattan Bank chief, were vice chairmen of the Iran...
Energy Secretary James Schlesinger told a congressional subcommittee that there is no assurance that Iran's new leaders can persuade the Marxist-led oilfield workers to start the wells pumping soon again, even though Ayatullah Khomeini has ordered them back to work. At best, production would rise slowly to a maximum of about 3 million bbl. per day within six months. Increasing the flow to the normal 5.8 million bbl. would require the return of foreign technicians, an unlikely possibility. Yet, said Schlesinger, unless Iran begins substantial production soon, frequent shortages of gasoline will show up this summer...
...problem this time is the Iranian oil shutoff. At first, U.S. officials dismissed the Iranian oilfield strike as a temporary phenomenon of no great consequence. But the strike has been dragging on since late October, and for the last month virtually no crude at all has been pumped out of the ground. Last week, in fact, the U.S. faced the bizarre situation of having to rush an emergency shipment of 200,000 barrels of diesel fuel and gasoline to Iran because local refinery output is insufficient to meet domestic needs...
Oddly, the country that may have most to gain from Iran's political crisis has been the first to be hurt by its oilfield chaos. For weeks hundreds of thousands of Armenians, Georgians and Azerbaijanis in the mountainous country north of Iran's border with the Soviet Union have been shivering through an experience reminiscent of the American Midwest in recent winters: icy temperatures and no natural...