Word: consortium
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Exploitation of Siberian natural-gas reserves. Two projects are being explored, one involving on the U.S. side a consortium of Tenneco, Texan Eastern Transmission and Brown & Root, the other El Paso Natural Gas and possibly Occidental Petroleum. The two together could require as much as $10 billion to $14 billion of U.S. development capital, and that may be too much for private U.S. financial institutions. Some new form of Government financing will probably be needed...
...measure of peace and relative stability. In consequence, Zaïre is beginning to attract foreign investment on a rising scale. A Japanese mining group is about to open a large new copper mine near Lubumbashi (the former Elisabethville), for instance, and to the northwest of Lubumbashi an international consortium has discovered what may be the world's richest bed of copper ore. In Kinshasa, formerly Leopoldville, four auto manufacturers are planning to open assembly plants, Goodyear has just completed a $16.8 million tire factory, a steel mill is under way, and an aluminum plant is in the planning...
Growing Hostility. IPC's row with Baghdad has been long simmering. A decade ago, Iraq took over some of IPC's concessions; since then it has drilled for oil with Soviet help and become increasingly hostile to the international consortium. Last year, relations were rubbed raw by a slowdown in the growth of world demand for oil. In Iraq's northern fields-the ones now nationalized-IPC cut production by 11%; but in the southern fields, nearer to Persian Gulf shipping points, it raised output by 74%. Despite the fact that Iraq's revenues rose...
...pipeline. The statement, a prerequisite to any major environmental decision, sets forth no specific recommendations. But its analysis of the various routes for taking oil from the North Slope appears to pave the way for Administration approval of the 789-mile pipeline that the Alyeska Pipeline Service Co., a consortium of seven oil companies, wants to build from Prudhoe Bay to the ice-free port of Valdez in southern Alaska. Conservationists say that a pipeline across Canada to the Midwestern U.S. would cause less ecological damage from oil spills, and they plan to fight for their view in the courts...
...companies themselves. Their goal is "participation,", which is merely another way of describing partial, and probably increasing nationalization of the U.S. and European firms that drill in their territory. At a meeting in Beirut of the Organization of Petroleum Exporting Countries (OPEC), which ended last week, the largest consortium of oil companies, the Arabian American Oil Co., bowed to the inevitable and agreed in principle to sell 20% of its ownership to Saudi Arabia. Aramco's decision will doubtless cause a gusher of further participation concessions, which will increase the economic and political power of the producing nations, most...